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    1121 N Westmoreland Avenue , #1

    Los Angeles (City), CA 90029
    • $4,250,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: EV20178040
    UPDATED: 31 min ago
    $4,250,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,974
      SQFT
    • $387
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    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 also offered as part of seven building portfolio (see attached Offering Memorandum).? Shown on accepted offers only.? Please do not disturb the tenants.?

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T07:30:23.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109521212
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    1121 N Westmoreland Avenue , #1 Los Angeles (City), CA 90029

    • Price: $4,250,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: EV20178040
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    10,974
    SQFT
    $387
    $/SQFT
    1931
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    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 also offered as part of seven building portfolio (see attached Offering Memorandum).? Shown on accepted offers only.? Please do not disturb the tenants.?
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels Description 5542-027-026 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.46 Community Features Street Lights Country Us Electric Expense 12505.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1208.00 Gross Income 2400.00 Gross Multiplier 13.61 Gross Operating Income 303997.00 Gross Scheduled Income 313399.00 Insurance Expense 13764.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Maintenance Expense 16354.00 Net Operating Income 229960.00 New Construction YN No New Taxes Expense 26243.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 13 Operating Expense 74037.00 Pest Control Expense 990.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Lyman Hill Tract Total Actual Rent 271378.00 Total Expenses 74037.00 Trash Expense 2973.00 Vacancy Allowance 9402 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lard1.5

    Listing provided courtesy of Daniel Corcoran of Corcoran Group Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T07:30:23.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003