140 South Westmoreland Avenue, Los Angeles, CA 90004
CALL FOR OFFERS: Thursday 10/6/2016 @5PM. The Westmoreland Apartments is a Rare NON-RENT CONTROL, seven unit asset, located in one of the most Central and Desirable rental pockets in Los Angeles. All units are separately metered for Gas & Electricity, and all units have their own water heaters, keeping landlord expenses extremely LOW. The property features secure, gated entry, on-site laundry facilities, a community garden & 15 PARKING Spaces, including two garages. The property presents the astute investor with a NON-rent controlled asset; the ability to achieve market rents & operate with extremely low expenses & favorable financing, creating a solid income stream in a central & high-demand rental pocket, well positioned for accelerated appreciation. The property is situated on a 7,916 SF R3 lot, providing future development potential. Some expenses are estimates. Records provided upon accepted offer. 5.95% Cap Rate & 12.86 GRM based on market rents.
4,191 Sq.Ft. LIVING AREA
0.18 Acres lot
We take the time to get to know our clients on a personal level, building lasting trusting relationships that are essential to a successful transaction. Having worked on the principal side of the business we understand both sides of the transaction and can overcome any hurdle that may come up during a deal. Our goal is to provide an enjoyable experience that leads to a successful outcome for all involved. We'd love to get to know you; open up a discussion and see what transpires.