Residential Over 5 Units - South westmoreland avenue los angeles california residential buildings

Published on January 23, 2023
Modified on January 23, 2023
Published by jazz
Viewed by 2 people
#1500
4900000.00 $US

Description of item

S WESTMORELAND AVE LOS ANGELES CA 90006


Asking Price $4,900,000 PLUS 4% BUYERS FEE



2 Side By Side 8 Unit Apartment Buildings in Ktown Opportunity Zone in need of renovation or for development of 48 Unit apartments by Right or up to more then 80 Units with TOC 3



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PROPERTY A



8 Unit Multi Family Apartment

8 Bedrooms and 8 Bathrooms

Unit Mix (8) 1 Bed and 1 Baths

7638 SF

9758 SF Lot

Built 1938

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PROPERTY B



8 Unit Multi Family Apartment

8 Bedrooms and 8 Bathrooms

Unit Mix (8) 1 Bed and 1 Baths

6311 SF

9773 SF Lot

Built 1949

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FINAL SUMMARY



Total SF of Both Lots 19531

Both Properties Zoned LAR 4

TOC 3 Zoning

Great Part of Koreatown

Cross Streets Olympic and Vermont

Near Perfect 90 Walk Score

Lots of Shopping, Restaurants and Transportation



INCOME DETAILS



Property A is totally vacant

Property B has 2 units occupied

Both properties need total renovation or build up to 83 units with TOC 3

No Plans or Entitlements Available

Perfect for Income Upside Investment




Location

Country
United States
Region
California
City
Los Angeles
Address
South Westmoreland Avenue