Listing Detail

IAG

241 S Westlake Ave, Los Angeles, CA 90057

241 S Westlake  (1).jpg

Great 8-unit property in the Westlake District!

Close to St. Vincent Medical Center, Downtown LA, I-101, I-10, with excellent value added opportunity. Just 0.7 miles from the Westlake/MacArthur Park Metro Station.

For sale after 13 years.

Full new roof done in 2013with permits, and all new plumbing done with permits in 2016. Good size units with 7 x 1 bed 1 bath units, and 1 x 2 bed 1 bath unit. Separately metered for gas and electricity. Subject to City of Los Angeles Rent control ordinance.

Probate Sale, subject to Court confirmation and overbidding in Court.

Sold "As Is" And "Where Is". Buyer responsible for earthquake retrofit after COE. Seller will not provide termite report and/or clearance. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

Property Highlights
Street 241 S Westlake Ave
City Los Angeles
State CA
Zip 90057
Status Pending
Property Type Multi-family
Asking Price $1,695,000
Year Built 1955
Building Sq Ft 5,586
Number of units 8
CAP Rate 3.79
GRM 15.02
Value per Square Feet $303.44
Broker Name Vinny Jain
Telephone 3102072288
Email sales@iagpm.com
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