548 N Westmoreland Avenue, Los Angeles, CA 90004 (MLS # 20644858)

PRICE $2,990,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 7,406 sqft

Anine (9) unit apartment opportunity located in the highly desirable submarket of Melrose Hill, adjacent to Koreatown and East Hollywood. Originally constructed in 1990, the property features a unit mix featuring 7-2/2 TH units and 2-3/2.5 TH units. These larges and spacious units are estimated to have 1,025 SF +/- for the 2 bedroom units, and 1,197 SF +/- for the 3 bedroom units. Units are individually metered for gas and electricity, water and sewer are the owner's responsibility. This is a long term value added opportunity for the patient investor to capitalize on approximately 54% +/- of rental upside. Presently, the property does not feature any laundry providing an opportunity for an investor to create value income by adding coin laundry or higher rents with in unit laundry. Property also features ample on-site secured parking and a master water heater. The owner has installed a new intercom system ($2,000) and new laminate flooring ($62,000) across the whole property.

DAYS ON MARKET 14 LAST UPDATED 10/11/2020
YEAR BUILT 1990 COMMUNITY 671 - Silver Lake
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 671 - Silver Lake
GARAGE Gated, Subterranean
LOT 7405 sq ft
STORIES 2
ZONING LAR3
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by : Anubhav Kawatra CalDRE: 01881930, Anubhav Kawatra

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Based on information from California Regional Multiple Listing Service, Inc. as of 10/23/20 12:20 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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