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155 S Westmoreland Ave, Los Angeles

Pride of ownership, turnkey, generational asset in a prime location of Rampart Village! There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, and sewer line. All units are side-by-side with 2 beds/1 bath each, 3 of which have been recently remodeled. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.

Property Details

  • Units: 4
  • Gross Rent Multiplier: 17.38
  • Cap Rate: 3.2

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Price

$1,995,000

Annual Income

$114,792

Annual NOI

$62,903

Annual Expense

$46,149

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
121$2,675$2,675$2,700$2,700
121$2,630$2,630$2,700$2,700
121$2,501$2,501$2,700$2,700
121$1,760$1,760$2,700$2,700
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
484$9,566$10,800

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