1121 North Westmoreland Avenue

Los Angeles, CA 90029

$2,770,000
Last Sold Price
7
Beds
16
Baths
10,974 Sq. Ft.
$252 / Sq. Ft.
10,974
Sq. Ft.
$252
per Sq. Ft.

Description

Price reduced $251,000! Seller motivated. Soft-story retrofits completed. Three buildings on two lots. 1121 is a 4-plex with separate water heaters. 1125 is 7 a seven-unit building, and 1118 Lymar Place is an adjacent 4-plex. All units are separately metered for gas and electric. Good unit mix with one 4-bedroom and 2-bath; five 2-bedroom, 1-bath; six 1-bedroom, 1-bath and three studios. On-site laundry, 20 parking space, pitched roof. Newer hardwood floors and ceramic tile (most units). These two...Price reduced $251,000! Seller motivated. Soft-story retrofits completed. Three buildings on two lots. 1121 is a 4-plex with separate water heaters. 1125 is 7 a seven-unit building, and 1118 Lymar Place is an adjacent 4-plex. All units are separately metered for gas and electric. Good unit mix with one 4-bedroom and 2-bath; five 2-bedroom, 1-bath; six 1-bedroom, 1-bath and three studios. On-site laundry, 20 parking space, pitched roof. Newer hardwood floors and ceramic tile (most units). These two lots sold and three buildings to be sold together. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants or sellers.
  1. Listed by DANIEL CORCORAN • DRE #00451125 • Brokerage DRE #01787829 • Corcoran Group of California Inc.
  2. Listed by KIM SUMAN • DRE #01437996 • Brokerage DRE #01787829 • Corcoran Group of California Inc.

Property Details for 1121 North Westmoreland Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10974
Assessor Parcel Number
5542-027-024
Property Attached YN
true

Location

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125; Corcoran Group of California Inc., KIM SUMAN, DRE #01437996

Sold By Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125

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LISTING UPDATED: 09/08/2021 06:02 AM

Property Details for 1121 North Westmoreland Avenue

StatusClosed
MLS #EV21079538
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.26 AC / 11,450 SF
CountyLos Angeles County

Location

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125; Corcoran Group of California Inc., KIM SUMAN, DRE #01437996

Sold By Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125

Add your commute

Building Information for 1121 North Westmoreland Avenue

Stories-Residences-Year Built1931Building Size-Lot Size0.26 AC / 11,450 SF

Payment Calculator

$15,117 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,117

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1121 North Westmoreland Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $320,005
  • Gross Scheduled Income: $320,005
  • Vacancy Allowance: 9600
  • Gross Operating Income: $310,405
  • Net Operating Income: $239,754
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $70,650
  • New Taxes Expense: $26,099
  • Fuel Expense: $0
  • Electric Expense: $11,328
  • Insurance Expense: $8,553
  • Professional Management Expense: $0
  • Trash Expense: $2,903
  • Water Sewer Expense: $0
  • Total Expenses: $70,650
Tax / Assessment Info
  • Tax Tract Number: 191301
  • Tax Census Tract: 1913.01
  • Tax Lot: 35
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 5542-027-026
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,255
  • Unit Type Total Rent: $15,060
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,624
  • Unit Type Total Rent: $19,488
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,197
  • Unit Type Total Rent: $26,364
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,996
  • Unit Type Total Rent: $35,952
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1

Property History for 1121 North Westmoreland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1121 North Westmoreland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Lockwood Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125; Corcoran Group of California Inc., KIM SUMAN, DRE #01437996

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.