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First time on the market ever! 7/8 Units are vacant and renovationready! Once stabilized and ADUs are built, the property willoperate at a 7.88% cap rate and 9.09 GRM. 1249 S Westgateprovides an investor with the opportunity to own a trophy asset ina desirable pocket of West LA, while also picking their own tenants!The subject property is comprised of (1) 2Bed+1Bath, (6)1Bed+1Bath, and (1) Studio+1Bath units. Additionally, there is anopportunity to build (2) ADUs for added income. There arecurrently 9 parking spaces on site, as well as a common laundryarea. Beneficial to the new owner, the building has copperplumbing, and all retrofit work has been completed.1249 S Westgate is conveniently located near Third StreetPromenade, UCLA Campus and the Brentwood Country Mart. Withan A+ location and ideal curb appeal, the subject property is idealfor any investor looking for immediate upside and an ADUopportunity.
Last Updated | 10/9/2024 | Year Built | 1953 |
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Community | West Los Angeles | Garage Spaces | 2.0 |
County | Los Angeles |
Additional Details
AREA | West Los Angeles |
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GARAGE | Yes |
LOT | 6977 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
ZONING | LAR3 |
Location
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