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730 S Westlake Avenue

Los Angeles, CA 90057
  • $4,088,888
  • STATUS: ACTIVE
  • ON SITE: 33 Days
  • ID#: SB24182648
UPDATED: 67 min ago
$4,088,888
  • 2
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1988 Construction and EXEMPT from LA RSO rent control. Delivered at a 5.38% cap rate and 11.88 GRM and only $227k/unit which is incredible for a 1980s asset. 730 S Westlake Ave, Los Angeles is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. Priced at only $227k/unit! The subject property is comprised of (14) 1-Bed/1-Bath and (4) Studio/1-Bath units. The building features copper plumbing, 27 private parking spaces and a laundry room on site. 730 S Westlake Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters. 1988 Construction and EXEMPT from LA RSO rent control. Delivered at a 5.38% cap rate and 11.88 GRM and only $227k/unit which is incredible for a 1980s asset. 730 S Westlake Ave, Los Angeles is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. Priced at only $227k/unit! The subject property is comprised of (14) 1-Bed/1-Bath and (4) Studio/1-Bath units. The building features copper plumbing, 27 private parking spaces and a laundry room on site. 730 S Westlake Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/154774761
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730 S Westlake Avenue Los Angeles, CA 90057

  • Price: $4,088,888
  • Status: ACTIVE
  • On Site: 33 Days
  • Updated: 67 min ago
  • ID#: SB24182648
2
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Los Angeles (90057)
County:
Los Angeles
Area:
Los Angeles (90057)
Property Description
1988 Construction and EXEMPT from LA RSO rent control. Delivered at a 5.38% cap rate and 11.88 GRM and only $227k/unit which is incredible for a 1980s asset. 730 S Westlake Ave, Los Angeles is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. Priced at only $227k/unit! The subject property is comprised of (14) 1-Bed/1-Bath and (4) Studio/1-Bath units. The building features copper plumbing, 27 private parking spaces and a laundry room on site. 730 S Westlake Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters. 1988 Construction and EXEMPT from LA RSO rent control. Delivered at a 5.38% cap rate and 11.88 GRM and only $227k/unit which is incredible for a 1980s asset. 730 S Westlake Ave, Los Angeles is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. Priced at only $227k/unit! The subject property is comprised of (14) 1-Bed/1-Bath and (4) Studio/1-Bath units. The building features copper plumbing, 27 private parking spaces and a laundry room on site. 730 S Westlake Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.
Exterior Features

Pool N/K

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 5.38 Annual Expense Actual 113802 Buildings 1 Cfd Mello Roos Fee 1673.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 11.88 Gross Scheduled Income Actual 344052 Monthly Total Fees 139 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 5391.0 Unit2 Rent Actual 20555.0 Unit3 Rent Actual 2250.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.: 310-259-7556. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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