Well-maintained 9-unit apartment community located in the desirable Westlake North neighborhood of Los Angeles. Ownership has invested over $700,000 in capital improvements, creating a turnkey asset featuring remodeled units with in-unit washer/dryers, recessed lighting, upgraded windows, modern appliances, updated electrical systems, copper plumbing, and a newer roof. The property also… Read More offers secured code-gated access, six on-site parking spaces, and spacious private sundeck patios for select two-bedroom units.The property delivers strong in-place cash flow at a 6.8% CAP rate while offering more than 26% rental upside. A large community backyard presents potential for future ADU development, providing additional value-add opportunities. Ideally situated just south of West 3rd Street, residents enjoy walkable access to popular retail, dining, and ongoing neighborhood revitalization, with convenient access to Echo Park, Silver Lake, and Downtown Los Angeles. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Sean Namigohar 310-259-7556
Listing Snapshot
Days Online
9
Last Updated
Beds
10
3/4 Baths
9
Square Ft.
5,404
Lot Size
0.22 Acres
Year Built
1953
MLS Number
26873261
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1953, Living area: 5404.0, 9 buildings, Levels: MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $182,088, Net Operating Income: $122,004
Lot
0.2219 acres
Parking
6 total parking spaces, Garage
Taxes
Parcel Number: 5153006010, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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