1435 S WESTMORELAND AVE

LOS ANGELES, CA, 90006

$3,795,000

$464 per ft²
$3,795,000
$464 per ft²
Active
Active
 - For Sale
beds
20 Beds
baths
16 Baths
carpenters-square
8,163 ft²
property_type
Multi-family
calendar
Built 2022
We are pleased to present 1435 S Westmoreland Avenue, a FULLY-LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come.
MLS® ID:
22-187041
Listed:
8/30/22
Updated:
1/27/23

Interior Features

Kitchen Appliances
Cooktop - Gas, Oven-Gas
Total Bedrooms
20
Total Bathrooms
16
Laundry Description
In Unit
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
7,472 ft² lot
Exterior Features
None
Architectural Style
Modern
Sewer
In Street

Other Property Details

Garage
No
Parking
Above Street Level, Carport
Parking Total
10.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Total Stories
3
Zoning
LARD1.5

Property History

Date
Event
Price
Value
1/25/23
Price Change
$3,795,000
105%
9/14/22
Price Change
$3,595,000
-5%

Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/27/23

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