thank you
Your email has been sent.
9 Units in Prime West LA: 11.63 GIM 5.49 CAP 1453 S Westgate Ave 9 Unit Apartment Building $2,695,000 ($299,444/Unit) 5.49% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- UNDER 11 GRM and 5.41 CAP Rate North of Santa Monic Blvd. (Premier Westside location)
- Excellent unit mix (all 1-bedroom units)
- Soft story seismic retrofit completed by Seller (Buyer to verify)
- Designer remodeled interiors
- Significant rental upside
- In close proximity to high-end dining. retail, entertainment venues, UCLA, and the beach
EXECUTIVE SUMMARY
UNDER 12X GRM and HIGH CAP RATE! SIGNIFICANT PRICE REDUCTION! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located in prime West Los Angeles. 1453 S Westgate Avenue, perfectly positioned along a tree-lined street, presents the unique opportunity to acquire a quintessential turnkey property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units, with some units featuring outdoor patios or a separate office space. Each of the units has a terrific floor plan and offers an abundance of natural light.
Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story
seismic retrofit has been completed by ownership (Buyer to verify).
Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story
seismic retrofit has been completed by ownership (Buyer to verify).
Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$226,972
|
$25.75
|
| Other Income |
$4,800
|
$0.54
|
| Vacancy Loss |
$6,809
|
$0.77
|
| Effective Gross Income |
$224,963
|
$25.52
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,108
|
$8.75
|
| Net Operating Income |
$147,855
|
$16.78
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $226,972 |
| Annual Per SF | $25.75 |
| Other Income | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.54 |
| Vacancy Loss | |
|---|---|
| Annual | $6,809 |
| Annual Per SF | $0.77 |
| Effective Gross Income | |
|---|---|
| Annual | $224,963 |
| Annual Per SF | $25.52 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,108 |
| Annual Per SF | $8.75 |
| Net Operating Income | |
|---|---|
| Annual | $147,855 |
| Annual Per SF | $16.78 |
PROPERTY FACTS
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.49% | Building Size | 4,872,814 SF |
| Gross Rent Multiplier | 11.63 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,695,000 |
| Price Per Unit | $299,444 |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Gross Rent Multiplier | 11.63 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,872,814 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $2,311 | - |
1 of 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 4263-032-022 | Improvements Assessment | $319,584 |
| Land Assessment | $309,767 | Total Assessment | $629,351 |
PROPERTY TAXES
Parcel Number
4263-032-022
Land Assessment
$309,767
Improvements Assessment
$319,584
Total Assessment
$629,351
1 of 65
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
9 Units in Prime West LA: 11.63 GIM 5.49 CAP | 1453 S Westgate Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.