1356 S Westlake Avenue
Los Angeles, CA 90006
MLS #RS17091713

Income
  • 8units
  • 6,000sq ft
$1,410,000
Est. P&I payment: $5385.24/mo
1356 S Westlake Avenue, Los Angeles, CA 90006
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Description for 1356 S Westlake Avenue, Los Angeles, CA 90006
This property consists of 7 Large Single Units and 1 Non-Conforming 3 bedroom and 1 Bath Unit covering the entire top floor, which is vacant. The property is known as the Victorian Lodge and was built in 1904 of wood frame stucco. The square footage is just over 6,000 and sits on a 7,500 sq lot. The lodge has a great walk in lobby area with original hardwood floors and tons of charm. There are plenty of storage areas and a full basement which can possibly be converted to a laundry room.There is a large gated parking lot in the rear of the building with 8 parking spaces. There is a plenty of room to increase rents and add value to the property. The property is separately metered for Gas & Electric.It is extremely centrally located and within walking distance to restaurants, the metro, major streets and downtown Los Angeles.
MLS #RS17091713
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My Notes for MLS #RS17091713

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Year Built: 1904
  • Year Built Source: Assessor
  • Zoning: LARD1.5
  • Elevation Units: Feet

Exterior Features

  • Lot Features: 6-10 Units/Acre
  • Lot Size SqFt: 7,500
  • Lot Size Units: Square Feet
  • Pool Features: None
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Heating YN: 1
  • Heating: Central Furnace
  • Water Source: Public
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Financial Features

  • Gross Scheduled Income: 81,660
  • Net Operating Income: 33,646
  • Operating Expense: 48,014
  • Price Per SqFt: 235
  • Total Expenses: 29,004
  • Tax Lot: 3
  • Gross Income: 81,660
  • Rent Control YN: 1

Community Features

  • Community Features: Sidewalks

Miscellaneous Features

  • Building Area Total: 6,000
  • Building Area Units: Square Feet
  • Days On Market: 233
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 350
  • Tax Census Tract: 2,243.1
  • Tax Tract Number: 2,015

Location

 
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Directions to 1356 S Westlake Avenue, Los Angeles, CA 90006
In the heart of Pico Union. Just east of Hoover St, North of Venice Blvd and South of Pico Blvd.
Listing information for 1356 S Westlake Avenue, Los Angeles, CA 90006 was graciously provided by our friends at the listing brokerage, Re/Max College Park Realty and by listing agent Jacinto Edwin DRE# 01119435

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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