Los Angeles, CA 90025 1256 S Westgate Avenue

1256 S Westgate Avenue Los Angeles, CA - Image 11256 S Westgate Avenue Los Angeles, CA - Image 21256 S Westgate Avenue Los Angeles, CA - Image 3
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Presented By: Peter James with Lyon Stahl Investment Real Estate, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25487089
  • 01/21/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 13
  • Baths • 11
  • SQFT • 7,391

Home Details

PRICE ADJUSTMENT!! 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.
Presented By: Peter James with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 1256 S Westgate Avenue

Bedrooms

Total Bedrooms13

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths11

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

General for 1256 S Westgate Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Architectural StyleMidCenturyModern
Attached Garage No
Buyer FinancingCash
Cap Rate3.68
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsWestgate Ave south of Wilshire Blvd north of Texas Ave
Facing DirectionWest
Full Baths
Garage Spaces0.0
Garage Y/NNo
Gross Income181303.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7204.0
Lot Size UnitsSquareFeet
MLS AreaWLA - West Los Angeles
MobileHomeRemainsYNNo
Net Operating Income104863.0
New ConstructionNo
Number Of Units Total10
Occupancy TypeTenant
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
ViewCityLights
Year Built1960
ZoningLAR3

Exterior for 1256 S Westgate Avenue

Building Area Total7391.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1654
Lot Size Area7204.0
Number of Buildings1
Parking FeaturesCovered, OneSpace, SideBySide
Private PoolNo
SpaNo
Total Parking10.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,850,000
MLS#25487089
List Date 01/21/2025
Property Type Multi-Family
Phone 714.742.6515
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