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    1111 S Westlake Ave

    Los Angeles, CA 90006
    • $1,449,800
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 21-779088
    UPDATED: 22 min ago
    $1,449,800
    • 6
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,496
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Only $350/Sq.Ft! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring 4.15% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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.desertarealuxuryhomes.com/homes/121015656
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    1111 S Westlake Ave Los Angeles, CA 90006

    • Price: $1,449,800
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 21-779088
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,496
    SQFT
    $264
    $/SQFT
    1913
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Only $350/Sq.Ft! 1111 Westlake is a carefully preserved Craftsman-style and Victorian Style-architectures of 5 units located in the Historic Pico-Union District. This securely gated charmer consists of 4 great-sized 1 bedrooms on the front Craftsman-style 4 unit structure and a detached 2 Bedroom 2 Bath Victorian-style home in the back. The front 4 unit has recently undergone complete renovation on 1 of the units with stainless steel appliances, new white shaker kitchen cabinets, wood-style flooring, window AC units, new paint, porcelain tiled bathroom, and much more. Centrally located with easy access to the 10 & 110 Freeways for the commute from DTLA to West LA, and surrounded with major grocery markets, restaurants, shops, bars, and hotels in vibrant Koreatown neighborhood. Featuring 4.15% CURRENT CAP Rate with strong upside potential, separately metered for Power and Gas, 1111 Westlake is an amazing chance to acquire this solid, well-maintained and stable asset as a 1031 exchange or long-term hold.
    Exterior Features

    Lot Size Area 7770 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 5.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 633222 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 0 Type Of Units 5 Units Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Vinnie Park DRE#02015848 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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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