725 S. Westlake Ave, Los Angeles, CA
Multi-family for Sale - 45,088 Sq. Ft.
Property Info
CIMLS# | 909477 |
Location 725 S. Westlake Ave Los Angeles CA 90057 | |
Updated | August 16th, 2017 |
Type | Multi-family |
Price | Upon Request |
Building | 45,088 Sq. Ft. |
Property Description
Phenomenal upside
Cap rate on current income 6.16%
GRM on current income 7.85
Location Description:
172 Units Plus Retail
Highlights:
>> First time on market in 17 years
>> Great Westlake location less than 1 mile from Downtown LA
>> Rapidly Gentrifying Market
>> Exceptional Value-Add opportunity
>> Owner may Carry loan or Cash-to-New loan
>> 4 Story building, grand lobby with elevator
>> Fire sprinklers throughout the building and in all units
>> Master metered gas & electric
>> Phenomenal upside
>> Cap rate on current income 6.16%
>> GRM on current income 7.85
>> Walking distance to Metro Red Line Westlake MacArthur Park Station
>> Neoclassical style architecture
>> Development opportunity
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