• 6,440 sqft
  • Lot Size: 8,582 sqft
  • Built in 1965
  • MLS #20608086
For Sale $2,040,000


Built in 1965, the building contains an excellent unit mix, consisting entirely of large two- and four- bedroom apartments, several of which are townhouse floorplans. Given the significant improvements in the Westlake rental market over the span of several years, current rents are now far below those of similar apartments in the area. A new investor may be able to capitalize on approximately 44% in rent upside, therebysignificantly improving their cash flow. The property is not on the LADBS seismic retrofit list, allowing a new owner to enjoy much lower deferred maintenance expenses. Although parking is often scarce in the immediate neighborhood, this property features several open on-site parking spaces. Laundry facilities at the property also provide an additional income stream for the owner. ***A four-bedroom apartment is currently being leased as two separate two-bedroom units.**


  • Built in 1965
  • Lot Size: 8,582 sqft

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Listing Provided by Roderick 'Rick' Raymundo, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of January 21, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.