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    1116-1120 S Westmoreland Ave

    Los Angeles, CA 90006
    • $3,500,000
    • STATUS: Active
    • ON SITE: 114 days
    • MLS #: 21-741990
    UPDATED: 65 min ago
    $3,500,000
    • 16
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,950
      SQFT
    • $251
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:
    Area:

    School Ratings & Info

    Description

    Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T06:43:29.233. 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.
    www.jelmbergteam.com/homes/117790391
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    1116-1120 S Westmoreland Ave Los Angeles, CA 90006

    • Price: $3,500,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 21-741990
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    13,950
    SQFT
    $251
    $/SQFT
    1938
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.
    Exterior Features

    Cross Streets Between 11th St And Pico Bl Direction Faces West Levels Multi/Split Lot Description LawnLandscapedGuttersFront YardFenced YardFencedAlley Paved2-4 Lots Lot Location FlatsCityAlley AccessNear Public Transit Lot Size Area 19514 Other Structures None Parking Garage AssignedDetachedDoor OpenerDriveway Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style French Tennis Court None Total Parking 8 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 16.00 Common Walls Attached Cooling None Equipment None Fireplace Rooms BathDiningElectricExteriorGasGreat RoomKitchenLiving RoomMaster Bedroom Foundation Details Raised Heating None Laundry None Water Heater Features Gas

    Property Features

    Alley YN Yes Assessed Total Value 1261000 Gross Income 0 Gross Operating Income 0 Like Units1 16 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 16 Property Condition Repairs MajorFixer Sale Type Standard Security Features None Sewer PaidIn Street Paid Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units 16 Water DistrictWater District Water Heaters YN Yes Year Built Source Other Zoning Lar4-Xl1

    Listing provided courtesy of Frank Kim DRE#01890736 of Frank Kim.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T06:43:29.233. 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.
     
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