Property Listing No Longer Available for Sale

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
UpdatedAugust 16th, 2017
TypeMulti-family
PriceUpon Request
Building45,088 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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Financials