Active

1256 S Westgate Ave

Los Angeles CA, 90025

$3,300,000


$446.49 per sqft

Active

13 Beds

7,391 sqft

Residential

Built in 1960

We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.

24-351003

MLS ID

January 23, 2024

Listed

April 5, 2024

Updated

Map

1256 S Westgate Ave
Los Angeles CA, 90025

Interior Features

Total Stories

2


Bedrooms

13 Beds


Appliances

Washer, Dryer, Range/Oven, Refrigerator


Laundry Description

Community


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Gas

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Single Lot, Lot-Level/Flat, Lot Shape-Rectangular, Street Asphalt, Street Lighting, Alley Paved


Architectual Style

Mid-Century


Sewer

In Street

Other Property Details

Area Name

West L.A.


Days on Market

49


Garage

No


Parking

Covered Parking, Side By Side, Parking Space


Parking Total

10


View

Yes


View Description

City


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listing History

Date

Event

Price

3/12/2024

Price Change

$3,300,000

-9%

Listed by Peter James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-467-7581 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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