1433 South Westmoreland Avenue

Los Angeles, CA 90006

$3,295,000
Price
20
Beds
20
Baths
8,080 Sq. Ft.
$408 / Sq. Ft.
8,080
Sq. Ft.
$408
per Sq. Ft.

Description

Welcome to a spectacular multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered with four units occupied and one vacant unit with plenty of rental upside. Once fully occupied, this property will provide $20,810 per month in rent and an unheard of 5.8% CAP RATE. The front two duplexes consist of 4 four bedroom townhome style apartments that each have...Welcome to a spectacular multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered with four units occupied and one vacant unit with plenty of rental upside. Once fully occupied, this property will provide $20,810 per month in rent and an unheard of 5.8% CAP RATE. The front two duplexes consist of 4 four bedroom townhome style apartments that each have spacious floor plans, balconies, and stainless steel appliances. The rear most building is a stand alone four bedroom SFD that provides increased privacy. All five units come with on site tandem parking! This building is a great opportunity to step into immediate consistent income and simple, low effort management!
  1. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 1433 South Westmoreland Avenue

Zoning
LAR4
Parcel Number
5056002014
Total Units
5.0
Living Area
8080
Source Living Area
Builder
Area
Mid Los Angeles (C16)
Vacancy Rate
Occupied
Lot Size Area
7474
LISTING UPDATED: 10/30/2024 01:42 PM

Property Details for 1433 South Westmoreland Avenue

StatusActive
MLS #24-450567
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.17 AC / 7,474 SF
CountyLos Angeles County

Building Information for 1433 South Westmoreland Avenue

Stories3Residences-Year Built2022Building Size-Lot Size0.17 AC / 7,474 SF

Property Information for 1433 South Westmoreland Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Townhouse
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $248,850
  • Net Operating Income: $186,435.00
  • Gross Income: $248,850
  • Cap Rate: 5.81%
  • Gross Rent Multiplier: $13.24
  • Total Annual Expense: 62415
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1716
  • Lot Size Square Feet: 7474
  • Lot Size Dimensions: 47x143
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 10
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator, Washer, Dryer, Dishwasher, Freezer, Hood Fan, Range/Oven, Vented Exhaust Fan, Microwave, Garbage Disposal
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $3,695.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,120.00
  • Unit Actual Rent: $4,120.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $173,443.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $693,776.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $867,219.00

Property History for 1433 South Westmoreland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1433 South Westmoreland Avenue

Taxable ValueLand$884,565Additions$1,107,801Total$1,992,366
Tax Record2024$24,760 ($2,063 / month)
Home Facts
Total Finished SqFt7,224 SqFtAbove Grade Finished SqFt7,224 SqFtStories1Lot Size7,472 SqFtStyleMulti-Family Res (5+ Units)Year Built1909ZoningLAR4CountyLOS ANGELESAPN5056-002-014

Schools near 1433 South Westmoreland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Magnolia Avenue Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1433 South Westmoreland Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 9, 2024 by On Track Property, it's currently listed at $3,295,000. It has been on the market for a total of 50 days and was last sold on December 20, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1433 South Westmoreland Avenue is a 20-bed, 20-bath, 8,080 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.