920 S Westmoreland Avenue, Los Angeles, CA 90006

$1,900,000

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List Agent George Wright Gipson () 310-717-3663 West Shores Realty; CoList ()

List Price
$1,900,000
Price Change
▼ $200,000 1775465007
Status
ACTIVE
MLS#
IN26031056
Year Built
1957
Lot Size
7,391
Lot Location
11-15 Units/Acre, Corner Lot
Days on Market
170
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

15 Bedroom/14 Bath Multi-Family apartment unit opportunity in the Westlake / Koreatown Area This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles’ most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property’s condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!

Additional Information

Water
Public

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Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.