920 S Westmoreland Avenue, Los Angeles, CA 90006

$1,900,000

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List Price
$1,900,000
Price Change
▼ $200,000 1775465007
Status
ACTIVE
MLS#
IN26031056
Year Built
1957
Lot Size
7,391
Acres
0.17
Lot Location
11-15 Units/Acre, Corner Lot
Days on Market
167
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

15 Bedroom/14 Bath Multi-Family apartment unit opportunity in the Westlake / Koreatown Area This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles’ most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property’s condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!

Additional Information

Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: George Wright Gipson (mrgeorgewright@aol.com) from Listing Office: West Shores Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.