Skip to main content

Multifamily

1549 S Westgate Avenue

1549 S Westgate Ave, Los Angeles, CA 90025

Listing Price: $3,095,000

Cap Rate
3.01%
Number of Units
9
Occupancy
78.0%
Price/Unit
$343,889
Price/Gross SF
$536.30
Gross SF
5,771

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1549 South Westgate Avenue, Los Angeles, California 90025, a 9-unit value add multifamily property located in prime West LA, just one block south of the bustling Santa Monica Boulevard retail corridor between Bundy Drive and Barrington Avenue. The property features an excellent unit mix with two vacancies and significant upside in rents, and does not require a soft story earthquake retrofit.

Investment Highlights

  • Value-add deal with significant upside in rents; two units currently vacant
  • Excellent unit mix: (1) Bachelor unit, (3) One-Bedroom/One-Bathroom units, and (5) Two-Bedroom/One-Bathroom units
  • No soft-story retrofit required

Exclusively Listed By

Financing By

Listing Price: $3,095,000

Cap Rate
3.01%
Number of Units
9
Occupancy
78.0%
Price/Unit
$343,889
Price/Gross SF
$536.30
Gross SF
5,771

Investment Highlights

  • Value-add deal with significant upside in rents; two units currently vacant
  • Excellent unit mix: (1) Bachelor unit, (3) One-Bedroom/One-Bathroom units, and (5) Two-Bedroom/One-Bathroom units
  • No soft-story retrofit required

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1549 South Westgate Avenue, Los Angeles, California 90025, a 9-unit value add multifamily property located in prime West LA, just one block south of the bustling Santa Monica Boulevard retail corridor between Bundy Drive and Barrington Avenue. The property features an excellent unit mix with two vacancies and significant upside in rents, and does not require a soft story earthquake retrofit.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower