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1320 W 97th St
Los Angeles, CA 90044 Westmont

$1,675,000 USD

Apartments For Sale  •  6,503 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,503 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 7.53 %
  • Zoning R320U, Los Angeles
56 Transit Score
69 Walk Score

Highlights

Well-balanced unit mix of four 1-bedroom/1-bath units and four 2-bedroom/1-bath units, and appealing to a broad renter base and supporting stable occu
Six out of the eight units have been renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
Recent upgrades include newer exterior paint, updated lighting, and new building and unit identification, and security cameras enhancing curb appeal a
The property offers on-site ample secure gated parking, a valuable amenity in a dense Los Angeles submarket that supports tenant retention.
Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
The asset is located within a strong rental demand market, supported by a dense residential population and long-term housing fundamentals.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $126,044 USD (2026)
Cap Rate: 7.53 %
Total Expenses: $50,376 USD

Amenities

  • Balcony
  • Ceiling Fans
  • Tub/Shower
  • Vinyl Flooring

Public Transportation

AirportDriveWalkDistance
Los Angeles International 13 min - 6.6 mi
Long Beach (Daugherty Field) 24 min - 15.7 mi
Bob Hope 35 min - 26.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: SurfaceTandem
Included in Rent: Yes
Sam Grayeli 310-525-3711 BRC Advisors - BH, Inc.
Sam Grayeli 310-525-3711 BRC Advisors - BH, Inc.