1249 S Westgate Avenue Los Angeles, CA 90025
5,685 Sq. Ft. / 6,978 Sq. Ft., 0.16 acres lot size / Apartment
Status: Sold
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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.
property details
Type
Apartment
Status
Closed
County
Los Angeles
Year Built
1953
Sq. Ft.
5,685
Lot Size
6,978 Sq. Ft., 0.2 acres
Listing Id
SB24209550
Courtesy Of
Cameron Samimi - Lyon Stahl Investment Real Estate, Inc. 310-259-7556
List Office Phone
+1 310 425 9838
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Parking
Garage
Stories
2
Parking Spaces
2
Utility & Building Info
Sewer
Public Sewer
Parcel Number
4263007089
Water Source
Public Water
Building Area Total
5,685 Sq. Ft.
Price Per Sq Ft
$519
Architectural Style
2 Story
 |
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
12/26/2024
12/26/2024
|
Sold |
$2,600,000
|
CA Regional MLS (CRMLS) |
|
11/07/2024
11/07/2024
|
Pending |
$2,950,000
|
CA Regional MLS (CRMLS) |
|
10/09/2024
10/09/2024
|
Active |
$2,950,000
|
CA Regional MLS (CRMLS) |
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