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    1/2 BATHS
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Listing Details

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MLS #
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Type
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School Ratings & Info

Description

932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T09:26:13.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
www.searchwithcompass.com/homes/119133092
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932 S Westmoreland Avenue Los Angeles (City), CA 90006

  • Price: $7,300,000
  • Status: Active
  • Updated: 30 min ago
  • ID#: 21757514
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1964
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.
Exterior Features

Construction Materials StuccoWood Siding Direction Faces West Entry Location Ground Level W/Steps Parking Features AssignedGarageGated Parking Total 27 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Community Features Gated Garage YN Yes Gross Income 543983 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 338352 Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Zoning Lar4-1

Listing provided courtesy of Matthew R. Kanner of Keller Williams Realty Los Feliz


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T09:26:13.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
 
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Brandon Hobbs Group | Compass
341 Bayside Drive
Newport Beach CA, 92660