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    1111 S Westlake Avenue

    Los Angeles (City), CA 90006
    • $1,449,700
    • STATUS: Active
    • ON SITE: 45 Days
    • ID#: 21779088
    UPDATED: 28 min ago
    $1,449,700
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Only $263.77/Sq.Ft!! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring appx 4.5% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/121017815
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    1111 S Westlake Avenue Los Angeles (City), CA 90006

    • Price: $1,449,700
    • Status: Active
    • Updated: 28 min ago
    • ID#: 21779088
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1913
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Only $263.77/Sq.Ft!! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring appx 4.5% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.
    Exterior Features

    Parking Features None

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 94884 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 62341 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

    Listing provided courtesy of Vinnie Park of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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    Keller Williams Realty
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