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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
52
Last Updated
Property Type
Other
Beds
13
Square Ft.
7,391
Lot Size
0.17 Acres
Year Built
1960
MLS Number
25-487089
30 Days Snapshot Of 90025
$1,571k
-17%
(avg) sold price
29
+45%
homes sold
77
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Washer, Dryer, Range/Oven, Refrigerator
Building
7,391 sq ft, Built in 1960, Levels: Two, Attached, Mid-Century
Cooling
None
Disclosures
None
Exterior Features
Stucco
Fireplaces
None
Garage
0 total garage spaces, Covered Parking, Side By Side, Parking Space
Water Features
Water: Public
Heating
Wall Gas
Laundry
Community
Lot
LotAcreage: 0.1654, LotSizeArea: 7,204, Single Lot, Lot-Level/Flat, Lot Shape-Rectangular, Street Asphalt, Street Lighting, Alley Paved, Alley Access, City
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