Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Address: 140 S WESTMORELAND
County: Los Angeles
City: Los Angeles
Neighborhood: C17 - Mid-wilshire
140 S. Westmoreland is a 7 unit offering in an excellent pocket of Los Angeles located just south of 1st and East of Virgil. The building boasts an excellent unit mix consisting of (2) 2 bed/1Bath and (5) 1 bed/1 bath units on a large 7,916 square foot lot zoned LAR3. The property was built in 1982 offering more favorable rent control and the ability to access market rents quicker. Additionally, the building has been very well maintained with good in place cash flow. The going in cap rate of 4.42%offers an investor the opportunity to capitalize on a performing asset, while still having the ability to realize future upside potential in rents. The building offers on-site laundry, 12 parking spaces, and secure gated entry. There is a RUBS program in place, reducing utility expenses incurred by the owner and providing for a more efficiently run asset.