1400 South Westmoreland Avenue

Los Angeles, CA 90006

$1,469,000
Price
6
Beds
5
Baths
4,614 Sq. Ft.
$318 / Sq. Ft.
4,614
Sq. Ft.
$318
per Sq. Ft.

Description

Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered....Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered. On-site parking is available with four garages, the total can be 8. . Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority of new copper plumbing, new drain lines, and new paint. Property sold as-is condition. The desirable area rapidly growing in value with walkable post office, eats, K-Town, USC, DTLA, entertainment centers. Value-added opportunity to own your first income unit or for your next successful income-generating portfolio. Please Call L. A for more Info.
  1. Listed by Seong Kelly Chong • DRE #01273557 • Brokerage DRE #01350852 • Dream Realty & Investments Inc

Property Details for 1400 South Westmoreland Avenue

Zoning
LARD1.5
Parcel Number
5056003007
Total Units
5.0
Living Area
4614
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6764

Location

Listing Courtesy of Dream Realty & Investments Inc, Seong Kelly Chong, DRE #01273557
Add your commute
LISTING UPDATED: 03/23/2024 12:01 AM

Property Details for 1400 South Westmoreland Avenue

StatusActive
MLS #24-369325
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.16 AC / 6,764 SF
CountyLos Angeles County

Location

Listing Courtesy of Dream Realty & Investments Inc, Seong Kelly Chong, DRE #01273557
Add your commute

Building Information for 1400 South Westmoreland Avenue

Stories2Residences-Year Built1995Building Size-Lot Size0.16 AC / 6,764 SF

Payment Calculator

$9,353 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,017

Property Taxes

$1,336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1400 South Westmoreland Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 5
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,432
  • Net Operating Income: $64,581.97
  • Gross Income: $90,432
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: $16.24
  • Actual Annual Gross Rent: $90,432.00
  • Total Annual Expense: 25850
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1553
  • Lot Size Square Feet: 6764
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Uncovered, Garage
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
  • Garage Rental Rate: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,655.00
  • Unit Actual Rent: $1,655.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,582.00
  • Unit Actual Rent: $1,582.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,583.00
  • Unit Actual Rent: $1,582.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,243.00
  • Unit Actual Rent: $1,243.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,273.00
  • Unit Actual Rent: $1,273.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $200.00
  • Unit Actual Rent: $200.00
  • Unit Projected Rent: $300.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $293,004.00
  • Assessed Improvement Percent: 24.37
  • Assessed Land Value: $909,324.00
  • Assessed Land Percent: 75.63
  • Assessed Total Value: $1,202,328.00

Property History for 1400 South Westmoreland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1400 South Westmoreland Avenue

Taxable ValueLand$946,060Additions$304,841Total$1,250,901
Tax Record2023$16,036 ($1,336 / month)
Home Facts
Total Finished SqFt4,614 SqFtAbove Grade Finished SqFt4,614 SqFtLot Size6,764 SqFtStyleMulti-Family Res (5+ Units)Year Built1995ZoningLARD1.5CountyLOS ANGELESAPN5056-003-007

Schools near 1400 South Westmoreland Avenue

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

Berendo Middle School
Public6 to 8

West Adams Preparatory 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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1400 South Westmoreland Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 15, 2024 by Dream Realty & Investments Inc, it's currently listed at $1,469,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1400 South Westmoreland Avenue is a 6-bed, 5-bath, 4,614 sqft multi-family home built in 1995.

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 Dream Realty & Investments Inc, Seong Kelly Chong, DRE #01273557

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.