155 S Westmoreland Ave
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155 S Westmoreland Ave
4 Unit Block of Flats £1,518,843 (£379,711/Unit) 4% Net Initial Yield Los Angeles, CA 90004
Investment Highlights
- Turnkey generational asset in the heart of Los Angeles
- Meticulously maintained property with recently updated systems
- Two separate structures with privacy hedges and sliding front gate
Executive Summary
Now open to 50% down seller carry financing. Delivered fully stabilized! Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£101,047
|
£26.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£5,053
|
£1.35
|
| Effective Gross Income |
£95,994
|
£25.64
|
| Taxes |
£18,986
|
£5.07
|
| Operating Expenses |
£16,714
|
£4.46
|
| Total Expenses |
£35,700
|
£9.54
|
| Net Operating Income |
£60,294
|
£16.10
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £101,047 |
| Annual Per SF | £26.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £5,053 |
| Annual Per SF | £1.35 |
| Effective Gross Income | |
|---|---|
| Annual | £95,994 |
| Annual Per SF | £25.64 |
| Taxes | |
|---|---|
| Annual | £18,986 |
| Annual Per SF | £5.07 |
| Operating Expenses | |
|---|---|
| Annual | £16,714 |
| Annual Per SF | £4.46 |
| Total Expenses | |
|---|---|
| Annual | £35,700 |
| Annual Per SF | £9.54 |
| Net Operating Income | |
|---|---|
| Annual | £60,294 |
| Annual Per SF | £16.10 |
Property Facts
| Price | £1,518,843 | Apartment Style | Low Rise |
| Price Per Unit | £379,711 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 4% | Building Size | 3,744 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 2 |
| Gross Rent Multiplier | 15.03 | Year Built | 1937 |
| No. Units | 4 | Parking Ratio | 2.14/1,000 SF |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £1,518,843 |
| Price Per Unit | £379,711 |
| Sale Type | Investment |
| Net Initial Yield | 4% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 15.03 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,744 SF |
| Number of Floors | 2 |
| Year Built | 1937 |
| Parking Ratio | 2.14/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Washer/Dryer Hookup
- Wooden Floors
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £1,916 | 925 |
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Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5501-015-002 | Total Assessment | £1,258,514 (2024) |
| Land Assessment | £880,961 (2024) | Annual Taxes | £18,986 (£5.07/sf) |
| Improvements Assessment | £377,553 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5501-015-002
Land Assessment
£880,961 (2024)
Improvements Assessment
£377,553 (2024)
Total Assessment
£1,258,514 (2024)
Annual Taxes
£18,986 (£5.07/sf)
Tax Year
2023
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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155 S Westmoreland Ave
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