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1176 Westmoreland Avenue, Silver Lake, CA 90029

14 Bed, 6 Bath Multi-Family Home For Sale

1176 Westmoreland Avenue, Silver Lake, CA 90029 House For Sale - MLS #16171848
Off the Market
$2,400,000
14
6
Multi-Family
4 Family
This listing is courtesy of Frank Paul Barbano from Barbano Realty.

Property Description for 1176 Westmoreland Avenue, Silver Lake, CA 90029

Cap rate calculated on new higher tax base at $2.4MM! This is a quality building with very little deferred maintenance. With little effort, this could be a very attractive property! Effectively built in 2008 (see permit and Certificate of Occupancy from City), all the systems are very nice! Each unit has central A/C. Hardwood. The building has huge upside rental income potential in 2 of the 4 units!! Off street parking for all units! Street to alley property. Easy to maintain building with 100% easygoing upwardly mobile tenants. This part of the Silverlake / East Hollywood border is in high rental demand!! Walking distance to Sunset Junction as well as the redline subway. Walk to the Vista Theater, The Kitchen, 4100 Bar, Vons, Starbucks etc. There is greater upside rent potential in this building although even now, it generates great income. Specimen fruit trees, grape vines and underused front gardening areas.

Interior Details

6,530 sq. ft.
$367.53/sq. ft.

Exterior Details

0.17 acres
7,203 sq. ft.
10

Other Details

16171848
2008

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 1      Rent: $2,440     

Unit #2
Bedrooms: 3      Full / Half Baths: 1      Rent: $3,000     

Unit #3
Bedrooms: 5      Full / Half Baths: 3      Rent: $5,000     

Unit #4
Bedrooms: 3      Full / Half Baths: 1      Rent: $3,200     

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Town Description

Silver Lake is a hilly neighborhood in the city of Los Angeles, California east of Hollywood and northwest of Downtown Los Angeles. Silver Lake is inhabited by a wide variety of ethnic and...

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