tomo logo

$1,469,000

Beds
6
sq ft
4,614

1400 S Westmoreland Ave, Los Angeles, CA 90006

1400 S Westmoreland Ave

Los Angeles, CA 90006

  • 49 days on market
Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Each of the four units has one room and another space that looks like a den. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered. On-site parking is available with four garages, the total can be 8. . Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority of new copper plumbing, new drain lines, and new paint. Property sold as-is condition. The desirable area rapidly growing in value with walkable post office, eats, K-Town, USC, DTLA, entertainment centers. Value-added opportunity to own your first income unit or for your next successful income-generating portfolio. Please Call L.A for more Info.

Details

Property type

Est. home value

$1,498,874

Lot size

6,764 sq ft

Price per sq ft

$319

Year built

1995

HOA

No

Price History

10/01/2024
CLAW

CLAW #24447939

Listed
$1,469,000
09/16/2024
CLAW

CLAW #24369325

Removed
$1,469,000
03/15/2024
CLAW

CLAW #24369325

Listed
$1,469,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Doo Youn Hwang Etux

Loan start date

December 2022

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

7.08%

Loan type

Commercial

Seller

G & C Future Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/20/2024 at 8:25 AM

Listing updated: 10/09/2024 at 7:28 AM

Listed by: Seong Kelly Chong, Dream Realty & Investments Inc Phone #: (213) 380-8949

MLS: CLAW #24447939

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