717 S Westlake Ave | Los Angeles, CA 90057
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- LoopNet Team
717 S Westlake Ave
Los Angeles, CA 90057
40 Units | $123,759 Per Door | 6.4% Cap · Multifamily Property For Sale · 40 Units
INVESTMENT HIGHLIGHTS
- 717 S Westlake Avenue is a 40-unit investment opportunity in Westlake with attractive income and value-add potential.
- The asset has been priced to sell with solid income metrics – 6.4% cap and 11 GRM, along with $123,750/door.
- Potentiality exists to create new revenue streams with the implementation of a RUBs system, and common area laundry.
- 717 S Westlake Avenue comprises Seven (7) One-Bedroom / One- Bathroom units and Thirty-Three (33) Studio apartments.
- 717 S Westlake Avenue is separately metered for gas and master metered for electricity.
- The property has a WALKSCORE of 95 and is considered a “Walker’s Paradise.”
PROPERTY FACTS
| No. Units | 40 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 18,510 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid Rise | Number of Floors | 4 |
| Building Class | C | Year Built | 1924 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 18,510 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1924 |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | £1,302 | - |
| Studios | 33 | £1,105 | 500 |
PROPERTY TAXES
| Parcel Number | 5141-019-011 | Improvements Assessment | £1,573,505 |
| Land Assessment | £2,317,661 | Total Assessment | £3,891,166 |
PROPERTY TAXES
Parcel Number
5141-019-011
Land Assessment
£2,317,661
Improvements Assessment
£1,573,505
Total Assessment
£3,891,166
ZONING
| Zoning Code | R4 (Multiple Dwelling) |
| R4 (Multiple Dwelling) |
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