$3,200,000
- Beds
- 13
- sq ft
- 7,391
1256 S Westgate Ave, Los Angeles, CA 90025
1256 S Westgate Ave
Los Angeles, CA 90025
- 66 days on market
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.
Details
Property type
Lot size
7,204 sq ft
Price per sq ft
$433
Year built
1960
HOA
No
Price History
07/16/2024
CLAW #24415883
Listed
$3,200,000
-3.03%
06/12/2024
CLAW #24351003
Removed
$3,300,000
03/12/2024
CLAW #24351003
Price change
$3,300,000
-8.33%
Schools & Community
Neighborhood:
Sawtelle
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 11:35 AM
Listing updated: 08/13/2024 at 12:33 PM
Listed by: Peter James, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CLAW #24415883
Recently listed in Los Angeles
$1,950,000|3 bd|3.5 ba|House
$2,265,000|3 bd|2.0 ba|House
$1,249,999|3 bd|2.5 ba|Condo
$1,385,000|5 bd|4.0 ba|House
$2,550,000|3 bd|3.0 ba|House
$1,875,000|3 bd|3.5 ba|House
$850,000|2 bd|2.0 ba|Condo
$680,000|2 bd|2.0 ba|Condo
$950,000|4 bd|2.0 ba|House
$3,900,000|3 bd|4.0 ba|House
Explore top cities in California