1256 S Westgate Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90025
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,391 sqft
Price per Sqft $432
MLS Listing ID 24-415883
Style Mid-Century
Bedrooms 13
Year Built 1960
Lot Size 7,204 Sqft
Acres 0.1654
Property Description
We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
Location
State CA
County Los Angeles
Area West L.A.
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall Gas
Cooling None
Fireplaces Type None
Equipment Washer, Dryer, Range/Oven, Refrigerator
Laundry Community
Exterior
Garage Covered Parking, Side By Side, Parking Space
Garage Spaces 10.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description Single Lot, Lot-Level/Flat, Lot Shape-Rectangular, Street Asphalt, Street Lighting, Alley Paved
Story 2
Sewer In Street
Water Public
Architectural Style Mid-Century
Level or Stories Two
Structure Type Stucco
Others
Special Listing Condition Standard