548 North Westmoreland Avenue
548 North Westmoreland Avenue
$3,925,000
20
20
9,744
9,744
$403
Description
548 N Westmoreland Ave is a 9-unit apartment building situated between East Hollywood and Silver Lake. The property's large unit mix consists of seven 2+2's, one 3+2.5, and one 3+3. Four of the units have been extensively remodeled to include new paint, kitchens and bathrooms, laminate flooring, and air conditioning. All units are townhouse style with open concept layouts and exterior balconies. The building has had numerous upgrades including security camera installation, a rebuilt staircase, and...548 N Westmoreland Ave is a 9-unit apartment building situated between East Hollywood and Silver Lake. The property's large unit mix consists of seven 2+2's, one 3+2.5, and one 3+3. Four of the units have been extensively remodeled to include new paint, kitchens and bathrooms, laminate flooring, and air conditioning. All units are townhouse style with open concept layouts and exterior balconies. The building has had numerous upgrades including security camera installation, a rebuilt staircase, and new exterior paint. In addition, the property is not subject to LA City rent control (only subject to California State rent control), which allows for larger annual rent increases. Superbly located just steps away from the heart of the Virgil Village commercial corridor, 548 N Westmoreland Ave provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 88 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Bellevue Recreation Center and Dayton Heights Elementary. Public transit is also easily accessible at the Vermont/Beverly Metro station at 0.6 miles away. With 548 N Westmoreland, you can hedge against inflation, exploit tax advantages, and add more value (approximately 20% rental upside remains), all without the burden of LA City rent control!
- Listed by Jordan Peikin • DRE #02015987 • Brokerage DRE #02015987 • Jordan Peikin
- Listed by Nathan Richards • DRE #01748598 • Brokerage DRE #01748598 • Nathan Richards
Property Details for 548 North Westmoreland Avenue
Water Front
None
ZoningLAR3
Parcel Number5539030022
Total Units9.0
Living Area9744
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate1
Location
LISTING UPDATED: 03/12/2024 12:01 AM
Property Details for 548 North Westmoreland Avenue
Status | Active |
---|---|
MLS # | 24-364675 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1990 |
Lot Size | 0.17 AC / 7,505 SF |
County | Los Angeles County |
Location
Building Information for 548 North Westmoreland Avenue
Stories2Residences-Year Built1990Building Size-Lot Size0.17 AC / 7,505 SF
Payment Calculator
$24,401 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 548 North Westmoreland Avenue
Property History for 548 North Westmoreland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 548 North Westmoreland Avenue
Taxable ValueLand$1,508,580Additions$1,352,520Total$2,861,100
Tax Record2023$35,778 ($2,981 / month)
Home Facts
Total Finished SqFt9,744 SqFtAbove Grade Finished SqFt9,744 SqFtLot Size7,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLAR3CountyLOS ANGELESAPN5539-030-022
Schools near 548 North 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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dayton Heights Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Camino Nuevo High No. 2 Charter9 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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