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    1116 1120 S Westmoreland Avenue

    Los Angeles (City), CA 90006
    • $3,500,000
    • STATUS: Active
    • ON SITE: 106 days
    • ID#: 21741990
    UPDATED: 44 min ago
    $3,500,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
    www.homesinthehighdesert.com/homes/117792579
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    1116 1120 S Westmoreland Avenue Los Angeles (City), CA 90006

    • Price: $3,500,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 21741990
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    1938
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.
    Exterior Features

    Architectural Style French Carport YN Yes Direction Faces West Foundation Details Raised Lot Features Front YardLawnLandscaped Parking Features AssignedDetached CarportDrivewayGarageGarage Door Opener Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Cooling None Cooling YN No Fireplace Features BathDining RoomElectricGasGreat RoomKitchenLiving RoomMaster Bedroom Fireplace YN Yes Heating None Heating YN No

    Property Features

    Additional Parcels YN Yes Garage YN Yes Gross Income 0 Laundry Features None Levels Multi/Split Listing Agreement Exclusive Right With Exception Listing Service Entry Only Net Operating Income 0 Possession Close Of Escrow Property Condition FixerRepairs Major Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lar4-Xl1

    Listing provided courtesy of Frank Kim of Frank Kim


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
     
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