MLS#26858511
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Circa Properties, Inc.
Agency Phone: 714-203-6814
Associate Name: Jenny Park
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
Property Features
Property Type: Commercial - Business
Heating: Wall Furnace
Lot Size: 0.18 Acres
Year Built: 1959
Feature Descriptions
Community Features: Gated
Days on Site: 7
Laundry: Common Area
Parcel#: 5154028018
Security: Gated Community
Listed By / Shown By
Listed By
Agency Name: Circa Properties, Inc.
Agent Name: Jenny Park
Agency Phone: 714-203-6814
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
325 S Westlake Avenue | MLS# 26858511
This commercial property located at 325 S Westlake Avenue, Los Angeles, CA 90057 is currently listed for sale with an asking price of $2,450,000. Search Los Angeles real estate on www.farrellsmyth.com today.