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.
Property Details
Price:
$3,200,000
MLS #:
24415883
Status:
Active
Baths:
0
Address:
1256 S Westgate Avenue
Type:
Residential Income
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Jul 16, 2024
State:
CA
ZIP:
90025
Lot Size:
7,204 sqft / 0.17 acres (approx)
Year Built:
1960
See this Listing
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Schools
Interior
Appliances
Refrigerator
Cooling
None
Fireplace Features
None
Exterior
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
Covered, Side by Side, Parking Space
Parking Spots
10.00
Pool Features
None
Security Features
Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
View
City Lights
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address1256 S Westgate Avenue Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90025
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1256 S Westgate Avenue
Los Angeles, CA
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