932 South Westmoreland Avenue

Los Angeles, CA 90006

$7,300,000
Last Sold Price
18
Beds
32
Baths
20,445 Sq. Ft.
$357 / Sq. Ft.
20,445
Sq. Ft.
$357
per Sq. Ft.

Description

932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and 3 (2+2) units averaging approx. 639 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide)...932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and 3 (2+2) units averaging approx. 639 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.
  1. Listed by Matthew R. Kanner • DRE #01349203 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 932 South Westmoreland Avenue

Water Front
None
Zoning
LAR4-1
Parcel Number
5076003001
Total Units
32.0
Living Area
20445
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
3%

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203

Sold By Pooya Dayanim, Pooya Dayanim, DRE #01273250

Add your commute
LISTING UPDATED: 03/07/2022 11:48 AM

Property Details for 932 South Westmoreland Avenue

StatusSold
MLS #21-757514
Days on Market200
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.25 AC / 10,700 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203

Sold By Pooya Dayanim, Pooya Dayanim, DRE #01273250

Add your commute

Building Information for 932 South Westmoreland Avenue

Stories3Residences-Year Built1964Building Size-Lot Size0.25 AC / 10,700 SF

Payment Calculator

$47,512 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,839

Property Taxes

$7,673

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 932 South Westmoreland Avenue

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 0+1;1+1;2+2
  • Security Features: Gated
  • Direction Faces: West
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $515,652
  • Net Operating Income: $317,117.00
  • Gross Income: $531,406
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: $13.74
  • Owner Pays: Gas
  • Total Annual Expense: 198534
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2456
  • Lot Size Square Feet: 10700
Parking Details
Parking Details
  • Parking Garage: Gated, Garage, Assigned
  • Total Parking: 27
  • Garage Spaces Total: 27
  • Parking Features: Gated, Garage, Assigned
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood
  • Equipment: Range/Oven, Elevator
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Patio Features: Covered, Deck(s), Balcony
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-08-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,220.00
  • Unit Actual Rent: $14,645.00
  • Unit Projected Rent: $17,400.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,107.00
  • Unit Actual Rent: $5,533.00
  • Unit Projected Rent: $7,750.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,516.00
  • Unit Actual Rent: $18,193.00
  • Unit Projected Rent: $24,000.00
  • Like Units: 12
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,797.00
  • Unit Actual Rent: $5,391.00
  • Unit Projected Rent: $7,650.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 932 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 932 South Westmoreland Avenue

Taxable ValueLand$4,467,600Additions$2,988,000Total$7,455,600
Tax Record2023$92,076 ($7,673 / month)
Home Facts
Total Finished SqFt20,445 SqFtAbove Grade Finished SqFt20,445 SqFtLot Size10,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR4CountyLOS ANGELESAPN5076-003-001

Schools near 932 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 - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hoover Street Elementary School
PublicK to 5

Young Oak Kim Academy
Public6 to 8

Berendo Middle School
Public6 to 8

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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Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203

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.