1249 Westgate

Los Angeles, CA, 90025
For Sale $2,950,000
  • 0.16acre
Listing agent:
Cameron Samimi
License #02035763
Lyon Stahl Investment Real Estate, Inc.
First time on the market ever! 7/8 Units are vacant and renovation ready! Once stabilized and ADUs are built, the property will operate at a 7.88% cap rate and 9.09 GRM. 1249 S Westgate provides an investor with the opportunity to own a trophy asset in a desirable pocket of West LA, while also picking their own tenants! The subject property is comprised of (1) 2Bed+1Bath, (6) 1Bed+1Bath, and (1) Studio+1Bath units. Additionally, there is an opportunity to build (2) ADUs for added income. There are currently 9 parking spaces on site, as well as a common laundry area. Beneficial to the new owner, the building has copper plumbing, and all retrofit work has been completed. 1249 S Westgate is conveniently located near Third Street Promenade, UCLA Campus and the Brentwood Country Mart. With an A+ location and ideal curb appeal, the subject property is ideal for any investor looking for immediate upside and an ADU opportunity.

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1249 Westgate is a Residential Income Apartment property located in Los Angeles, California, featuring a 0.160 acre lot, MLS #SB24209550.

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Data last modified: 2024-10-09 17:55:58