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$ 2,950,000
Est. payment | /mo
7,391 SqFt
$ 2,950,000
Est. payment | /mo
7,391 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,391 sqft
Price per Sqft $399
MLS Listing ID CL25487089
HOA Y/N No
Year Built 1960
Lot Size 7,204 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
PRICE ADJUSTMENT!! We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and re
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling None
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
Lot Description Other
Water Other
New Construction No
Others
Tax ID 4263007025
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Peter James • Lyon Stahl Investment Real Estate, Inc.