Welcome to a spectacular multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered with four units occupied and one vacant unit with plenty of rental upside. Once fully occupied, this property will provide $20, 810 per month in rent and an unheard of 5.8% CAP RATE. The front two duplexes consist of 4 four bedroom townhome style apartments that each have spacious floor plans, balconies, and stainless steel appliances. The rear most building is a stand alone four bedroom SFD that provides increased privacy. All five units come with on site tandem parking! This building is a great opportunity to step into immediate consistent income and simple, low effort management!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 20
- Full Bathrooms: 20
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
Land Info
- Lot Size Acres: 0.1715794
- Lot Size Dimensions: 47x143
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 7474
Garage and Parking
- Garage Description: Carport Attached
- Parking Total: 10
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 3
- Number of Units: 5
- Unit Type: Townhouse
- Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 4.5, 1 SquareFeet: 4200, 2 BedsTotal: 4, 2 BathsTotal: 4.5, 2 SquareFeet: 4200, 3 BedsTotal: 4, 3 BathsTotal: 3.5, 3 SquareFeet: 4200, 4 BedsTotal: 4, 4 BathsTotal: 3.5, 4 SquareFeet: 4200, 5 BedsTotal: 4, 5 BathsTotal: 4, 5 SquareFeet: 4500
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 5.81
- Directions: Heading east on Pico Blvd turn right on Westmoreland Ave and the destination will be on your right
- Source Property Type: Residential Income
- Area: Mid Los Angeles
- Source Neighborhood: Mid Los Angeles
- Parcel Number: 5056-002-014
- Postal Code Plus 4: 4630
- Zoning: LAR4
- Source System Name: C2C
Commercial Info
- Net Operating Income: 186435
Building and Construction
- Total Square Feet Living: 8080
- Year Built: 2022
- Levels: Multi Levels
- Living Area Source: Builder
- Property Age: 2
- Levels or Stories: 3
- Year Built Source: Builder
Home Features
- Other Equipment: Refrigerator, Washer, Dryer, Dishwasher, Freezer, Hood Fan, Range/Oven, Vented Exhaust Fan, Microwave, Garbage Disposal