Description
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.
Location
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Listing Agent: William James Courtesy of: Lyon Stahl Investment Real Estate, Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 17th August, 2022 1:19 PM (UTC)
