155 South Westmoreland Avenue

Los Angeles, CA 90004

$1,895,000
Price
8
Beds
4
Baths
3,744 Sq. Ft.
$506 / Sq. Ft.
3,744
Sq. Ft.
$506
per Sq. Ft.

Description

Fully stabilized 4-unit! Seller financing available with 50% down, 5.5% interest rate. Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently...Fully stabilized 4-unit! Seller financing available with 50% down, 5.5% interest rate. Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
  1. Listed by Malcolm Zeger • DRE #02013882 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 626-483-7983

Property Details for 155 South Westmoreland Avenue

View
None
Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3744
Assessor Parcel Number
5501-015-002
LISTING UPDATED: 09/05/2024 05:41 AM

Property Details for 155 South Westmoreland Avenue

StatusActive
MLS #SB24060714
Days on Market250
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
CountyLos Angeles County

Building Information for 155 South Westmoreland Avenue

Building/Complex155 S Westmoreland AveFloor-Stories2Residences-Pet Policy-Year Built1937Building Size-

Property Information for 155 South Westmoreland Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $126,072
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $119,768
  • Net Operating Income: $74,541
  • Gross Multiplier: 15.47
  • Cap Rate: 3.8
Expense Details
  • Operating Expense: $45,228
  • Operating Expense Percent: 38.00%
  • Gardener Expense: $1,500
  • Fuel Expense: $519
  • Electric Expense: $519
  • Insurance Expense: $4,680
  • Maintenance Percent: 5.00%
  • Professional Management Expense: $7,186
  • Other Expense: $960
  • Other Expense Description: Phone
  • Trash Expense: $519
  • Water Sewer Expense: $519
  • Total Expenses: $45,228
Tax / Assessment Info
  • Tax Tract Number: 6116
  • Tax Census Tract: 2111.22
  • CFD/Mello-Roos Fee: $522
  • Tax Lot: 18
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included
Exterior Features
  • Roof: Shingle
  • Entry Location: Level 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Shared Driveway, Side By Side, Uncovered
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Shared Driveway, Side by Side, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,675
  • Unit Type Total Rent: $2,675
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,630
  • Unit Type Total Rent: $2,630
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,501
  • Unit Type Total Rent: $2,501
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,675
  • Unit Type Total Rent: $2,675
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 4

Property History for 155 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 155 South Westmoreland Avenue

Taxable ValueLand$1,099,140Additions$471,058Total$1,570,198
Tax Record2024$19,356 ($1,613 / month)
Home Facts
Total Finished SqFt3,744 SqFtAbove Grade Finished SqFt3,744 SqFtLot Size6,497 SqFtStyleQuadraplexYear Built1937ZoningLAR3CountyLOS ANGELESAPN5501-015-002

Schools near 155 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
Public - 9 to 12
Rating
School
Distance
Virgil Middle School
Public6 to 8

Academic Leadership Community 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.

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155 South Westmoreland Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on March 20, 2024 by Buckingham Investments, Inc, it's currently listed at $1,895,000. It has been on the market for a total of 250 days and was last sold on August 31, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Sammy Lee Medical And Health Science Magnet Elementary, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 155 South Westmoreland Avenue is a 8-bed, 4-bath, 3,744 sqft multi-family home built in 1937.

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 Buckingham Investments, Inc, Malcolm Zeger, DRE #02013882

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.