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Apartments For Sale • 5,019 SF
| Approx. 75% Rent Upside!! Substantial income growth via market-standard interior refreshes (kitchens, baths, flooring, appliances) on natural turnover |
| High-Density Development Potential: Zoned R4-1 with TOC Tier 3 incentives, the 6,509 SF lot supports up to 27 residential units. |
| Central Westlake Location High-density infill submarket 1 mile from MacArthur Park, downtown LA jobs, Metro stations; proven occupancy driver. |
| Some Deferred Maintenance Noted Front house and back unit present cosmetic capex opportunities; no structural issues flagged. |
| Driveway-Only Parking Supplemented by plentiful on-street availability in transit-rich area; neutral impact on rents. |
| ASSUMABLE FINANCING @ 3.8% for 25 years!!!!!!!! |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 6 min | - | 2.6 mi |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 2.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 10 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 22 min | - | 13.4 mi |
| Los Angeles International | 25 min | - | 14.7 mi |
| Long Beach (Daugherty Field) | 32 min | - | 23.5 mi |
Elliott Gallahan
Lee & Associates
Elliott Gallahan
Lee & Associates
