1249 S Westgate Avenue Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90025
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,685 sqft
Price per Sqft $518
MLS Listing ID CRSB24209550
Year Built 1953
Lot Size 6,977 Sqft
Property Description
First time on the market ever! 7/8 Units are vacant and renovation ready! Once stabilized and ADUs are built, the property will operate at a 7.88% cap rate and 9.09 GRM. 1249 S Westgate provides an investor with the opportunity to own a trophy asset in a desirable pocket of West LA, while also picking their own tenants! The subject property is comprised of (1) 2Bed+1Bath, (6) 1Bed+1Bath, and (1) Studio+1Bath units. Additionally, there is an opportunity to build (2) ADUs for added income. There are currently 9 parking spaces on site, as well as a common laundry area. Beneficial to the new owner, the building has copper plumbing, and all retrofit work has been completed. 1249 S Westgate is conveniently located near Third Street Promenade, UCLA Campus and the Brentwood Country Mart. With an A+ location and ideal curb appeal, the subject property is ideal for any investor looking for immediate upside and an ADU opportunity.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Laundry Inside
Building
Sewer Public Sewer
Water Public
New Construction No