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$ 2,450,000
Est. payment | /mo
7,744 Sqft Lot
$ 2,450,000
Est. payment | /mo
7,744 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26858511
HOA Y/N No
Year Built 1959
Lot Size 7,744 Sqft
Property Description
325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 10
Others
Tax ID 5154028018
Security Features Gated Community
Special Listing Condition Standard
Listed by Jenny Park Circa Properties, Inc. #01923272
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