$ 3,550,000
-
$3,550,000
Price -
14
Bed -
18
Bath -
11,489
SqFt
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About the Listing X79066 - X66897
An incredible investment opportunity priced at only $197,222/Unit. Built in 1988, this solid 18-unit building is entirely exempt from LA City RSO (No RSO, under CA AB1482 only), allowing investors to rapidly capture massive rental upside with a strong 9.64 GRM and 6.16% CAP Rate. The property features a desirable unit mix of 14 one-bedroom units and 4 studios and boasts significant upgrades including a brand-new tankless water heater system and a new CCTV camera system. The building offers tremendous value-add potential through strategic unit remodeling upon future turnover and extra income potential by reopening the unused on-site laundry room. Enjoy an exceptionally stable tenant base with over half of the residents staying for more than 10 years. Strategically located near Koreatown, the property sits at the epicenter of MacArthur Park's massive urban transformation. The park is undergoing a historic $30M+ revitalization, including a $2.5M grant project studying the permanent closure of Wilshire Blvd to unite the park into one massive green space, alongside major city-backed security enhancements and nightly closures for safety. Located near the approved Centro Westlake transit development with immediate access to the 10 and 110 freeways, this is perfect for investors seeking immediate, steady cash flow paired with explosive growth potential.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
26848135
Year Built
1988
Total Square Footage
11,489
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 14
- Bathrooms: 18 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 18
- Zoning: LAR4
- Roof:
- Others:
- Sewer:
- Parking Features: Subterranean
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
730 S Westlake Ave Los Angeles, CA 90057
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