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1111 S Westlake Ave

Los Angeles, CA 90006
  • $1,399,800
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 21-779088
UPDATED: 59 min ago
$1,399,800
  • 6
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,496
    SQFT
  • $255
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Description

Only $263.77/Sq.Ft!! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring appx 4.5% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/121015656
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1111 S Westlake Ave Los Angeles, CA 90006

  • Price: $1,399,800
  • Status: Active
  • On Site: 96 Days
  • Updated: 59 min ago
  • MLS #: 21-779088
6
Beds
0
Baths
0
½ Baths
0.18
Acres
5,496
SQFT
$255
$/SQFT
1913
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Only $263.77/Sq.Ft!! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring appx 4.5% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.
Exterior Features

Lot Size Area 7770 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 5.00 Cooling Window Unit(S) Equipment None Heating Wall

Property Features

Assessed Total Value 633222 Gross Income 94884 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 62341.00 Number Of Buildings 3 Number Of Units 5 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 32543 Type Of Units 5 Units Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Vinnie Park DRE#02015848 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
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