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$3,300,000
13 bed
7,391 Sqft
7,204 Sqft lot

1256 S Westgate Avenue, Los Angeles, California 90025

  • Residential Income Property Type
  • 97 Days Time on market
  • $446 Price per sqft
  • 1960 Year Built
Property Description

We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA’s westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA’s Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA’s best neighborhoods.

Basic Details
Residential Income
Buy
24351003
$3,300,000
13
7,391 Sqft
1960
7,204 Sqft
Active
Condos/Co-ops
Features
: City Lights
: Dryer, Refrigerator, Washer
: Midcenturymodern
10
$0
: Other
Address
CA
Los Angeles
Los Angeles
90025
1256 S Westgate Avenue
1256
Avenue
0
W119° 32' 16.9''
N34° 2' 46''
S
Additional Information
97
1
2
2
11
: Two
1
: Common Area
0
7,391 Sqft
0 Sqft
0 Sqft
0.17 Sqft
7,204 Sqft
1
0 Sqft
LAR3
4263007025
$0
$0
$0
$0
1
$0
$0
0 Sqft
1
0 Sqft
$0
1
23/01/2024 15:17:14
$3,600,000
: Standard
Westgate Ave south of Wilshire Blvd north of Texas Ave
Destrahan
Harry Hurst
Lyon Stahl Investment Real Estate, Inc.
Peter James
CLW-X82195
CLW-C138168
$0
2.74
: Stucco
West
1
: Rectangular Lot
1
1
0
0
yes
1
10
Carbon Monoxide Detector(s),Smoke Detector(s)
1
170495
US-06037-N-4263007025-R-N
23/01/2024 23:34:40
Westgate
WLA - West Los Angeles
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