Investment Overview

Marcus & Millichap REIS is pleased to present 1421 S. Westmoreland Avenue, Los Angeles, CA located on the west side of S. Westmoreland Avenue between W Pico Blvd and Venice Blvd in the Pico Union neighborhood of Central Los Angeles adjacent to Downtown Los Angeles, CA. The 3-story 18-unit multi-family residential apartment building was originally built in 1925. The subject property consists of approximately 9,834 square feet of building area with wood frame construction and a stucco façade. The entire parcel totals approximately 7,553 sq. ft. of land area with approximately 4-6 uncovered on-site parking spaces located at the rear of the property. The property is zoned: R4. The apartment building consists of (2)-two-bedrooms and one-bathroom, (3)-one-bedroom and one-bathroom and (13)-Studio and one-bathroom units. Recent Building and Property Improvements have included new electrical wiring and panels throughout, partial plumbing upgrades, resealing of the roof, as well as a new asphalt paving, security system, main gate entrance, and parameter fencing. Two (2) of the units have received recent renovations including new kitchens, bathrooms, and flooring and an additional six (6) units have also been remodeled in the last few years. Buyer to independently verify the condition of the property, building and each of the apartment units. The subject property is located less than two (2) miles from Downtown Los Angeles and its skyline of gleaming office towers providing a great source of employment as well as world-class dining, arts, and entertainment. The property is also conveniently located near the greater Los Angeles Metro system and multiple freeways. providing easy access to the rest of the city, including Hollywood, Pasadena, and Culver City, that are just 20 minutes away.