This listing was posted on ListedBuy.
$3,250,000
4419 Westdale Ave
Price:
$3,250,000
BR/BA:
7 BR, 10+ BA
Location:
4419 Westdale Ave, Los Angeles, CA
Description:
Westdale Eagle Rock apartments, an 11-unit true value-add apartment community in Eagle Rock area of the City of Los Angeles, California. This offering provides an exceptional opportunity for investors to acquire a prime value-add opportunity within walking distance to Occidental College (one block away), a highly sought-after area of Los Angeles. This location provides multiple strategies to savvy investors to operate it as-is, turn it into student housing, or short-term saleals. Current saleal income are significantly below market which provides opportunities for buyer to bring the CAP Rate close to 6%. Sale comparable based on competing property that is on the market shows that this property offers ±18% saleal upside potential. It is in a strong demographics area with ±$129,284 Average Household Income within a-mile radius. The property is a bread and butter 2-story garden style apartment community and consists of 4 buildings. It is a corner lot and situated on the northwest corner of Eagle Rock Blvd and Westdale Ave. It has ±5,538 sf building size on a ±6,052 sf lot size (zoned C4-1XL). It has a quiet center walkway with a small garden area for seating. It offers a desirable unit mix of seven (7) x 1bed+1bath, and four (4) x Studio units. Each unit offers a functional layout with plenty of windows, windows A/C, and ceiling fans. One of the 2nd floor units has a large private roof deck, and several 2nd floor units have small private balconies. Each unit is individually metered for electricity and gas. Parking is provided by seven garages (one for each unit). Parking soft story retrofit is not required (buyer to verify). Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
5,538 sq. ft.
Year:
1966
Amenities:
AC, Parking, Patio/Deck
For sale by:
By Owner
Posted:
September 14 2023 on ListedBuy
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More About this Listing: 4419 Westdale Ave
4419 Westdale Ave is a Seven Bedroom 10 Bathroom, 10+ BA, 11 Bathroom Multi-Family Real Estate for Sale at 4419 Westdale Ave in Los Angeles CA. Find other listings like 4419 Westdale Ave and listings near 4419 Westdale Ave by searching Oodle Classifieds for Seven Bedroom 10 Bathroom, 10+ BA, 11 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.
4419 Westdale Ave is a Seven Bedroom 10 Bathroom, 10+ BA, 11 Bathroom Multi-Family Real Estate for Sale at 4419 Westdale Ave in Los Angeles CA. Find other listings like 4419 Westdale Ave and listings near 4419 Westdale Ave by searching Oodle Classifieds for Seven Bedroom 10 Bathroom, 10+ BA, 11 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.