325 S Westlake Avenue, Los Angeles, CA 90057
List Price: $2.45M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1959
Lot Size: 7,746 sq ft
MLS Number: 26858511
About This Property
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.
Listing provided by: Jenny Park DRE #01923272 714-203-6814 jenny@teamcirca.com, Circa Properties, Inc.
Source: CRMLS, MLS #: 26858511
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.