tomo logo

$2,995,000

Beds
20
sq ft
8,080

1433 S Westmoreland Ave, Los Angeles, CA 90006

1433 S Westmoreland Ave

Los Angeles, CA 90006

  • 41 days on market
Welcome to a spectacular multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered with four units occupied and one vacant unit with plenty of rental upside. Once fully occupied, this property will provide $20,810 per month in rent and an unheard of 6.4% CAP RATE. The front two duplexes consist of 4 four bedroom townhome style apartments that each have spacious floor plans, balconies, and stainless steel appliances. The rear most building is a stand alone four bedroom SFD that provides increased privacy. All five units come with on site tandem parking! This building is a great opportunity to step into immediate consistent income and simple, low effort management!

Details

Property type

Est. home value

$1,116,792

Lot size

7,474 sq ft

Price per sq ft

$371

Year built

2022

HOA

No

Price History

10/09/2024
CLAW

CLAW #24450567

Listed
$2,995,000
-15.62%
08/29/2024
CLAW

CLAW #24406387

Removed
$3,549,500
06/20/2024
CLAW

CLAW #24406387

Listed
$3,549,500

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

First Republic Bank

Loan start date

October 2022

Original loan amount

$2,425,000

Est. remaining balance

Not provided

Interest rate

5.13%

Loan type

Building or Construction Loan

Seller

Westmoreland Expert Llc

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 6:30 AM

Listing updated: 10/17/2024 at 5:10 AM

Listed by: Isaac Davidi, On Track Property Phone #: (310) 997-0311

MLS: CLAW #24450567

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