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932 S Westmoreland Ave

Los Angeles, CA 90006
  • $7,300,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: 21-757514
UPDATED: 28 min ago
$7,300,000
  • 18
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,445
    SQFT
  • $357
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

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), and 3 (2+2) units averaging approx. 639 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 the Combined LA/Westside Multiple Listing Service as of 2021-12-05T15:42:48.723. 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.cgluxuryhomesla.com/homes/119131393
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932 S Westmoreland Ave Los Angeles, CA 90006

  • Price: $7,300,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 28 min ago
  • ID#: 21-757514
18
Beds
0
Baths
0
½ Baths
0.25
Acres
20,445
SQFT
$357
$/SQFT
1964
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
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), and 3 (2+2) units averaging approx. 639 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

Direction Faces West Entry Location Ground Level W/Steps Exterior Construction StuccoWood Siding Lot Size Area 10700 Other Structures None Parking Garage GatedGarageAssigned Patio Features CoveredDeck(S)Balcony Pool Description None Pool YN No Roof Flat Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 27 Water Frontage None

Interior Features

Baths Total 32.00 Cooling Wall/Window Equipment Range/OvenElevator Fireplace Rooms None Flooring Hardwood Heating Wall Laundry Laundry Area Laundry Equipment Own Water Heater Features Central Water Heater

Property Features

Gross Income 533341 Gross Operating Income 517550 Like Units1 12 Like Units2 5 Like Units3 12 Like Units4 3 Net Operating Income 328615.00 Number Of Buildings 1 Number Of Units 32 Owner Pays Gas Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays Electricity Total Annual Expense 189840 Type Of Units 0+1;1+1;2+2 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4-1

Listing provided courtesy of Matthew R. Kanner DRE#01349203 of Keller Williams Realty Los Feliz.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T15:42:48.723. 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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