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Listed by Lloyd Yang • West Shores Realty, Inc.
$ 1,290,000
Est. payment /mo
Active
1020 South Westlake Avenue Los Angeles, CA 90006
2,775 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,775 sqft
Price per Sqft $464
MLS Listing ID SB-23203890
Year Built 1903
Lot Size 7,502 Sqft
Property Sub-Type Duplex
Property Description
Huge price improvement!! Over 6% CAP Rate. Check out the numbers on this income property right off of Olympic Blvd. Designated and permitted as a rooming house, each room is permitted to be rented out individually for passive income! Currently fully occupied, the property promises a steady stream of rental income, and its prime location just a short walk from LA Live entertainment district makes it an ideal investment for growth potential. Don't miss out on the chance to earn a healthy return on your investment with this high-yielding property.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Heating Floor Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Laundry Community, Gas & Electric Dryer Hookup
Exterior
Parking Features Detached Carport
Pool None
Community Features Sidewalks, Street Lights, Urban
Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer