Call for offers: thursday 10/6/2016 @5pm. The westmoreland apartments is a rare non-rent control, seven unit asset, located in one of the most central and desirable rental pockets in los angeles. All units are separately metered for gas & electricity, and all units have their own water heaters, keeping landlord expenses extremely low. The property features secure, gated entry, on-site laundry facilities, a community garden & 15 parking spaces, including two garages. The property presents the astute investor with a non-rent controlled asset; the ability to achieve market rents & operate with extremely low expenses & favorable financing, creating a solid income stream in a central & high-demand rental pocket, well positioned for accelerated appreciation. The property is situated on a 7,916 sf r3 lot, providing future development potential. Some expenses are estimates. Records provided upon accepted offer. 5.95% cap rate & 12.86 grm based on market rents.
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, Listed on
ELIJAH KOROBKIN, License# 01897085,
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This 9 bedroom Multi-Family home
for sale in Los Angeles, CA
is currently listed for $1,969,000.
Featuring a lot size of 7,916 Sq. Ft.,
140 S Westmoreland Ave
was built in 1982 and
has been on ERA.com for 32 days.
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