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4419 Westdale Avenue
USD 3,250,000
Property ID: AR23156392
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4419 Westdale Avenue ,90041
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icon 6052 SqFt
icon Built in 1966
icon USD 537/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
5538
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1966
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Detailed Introduction Of This Home
Westdale Eagle Rock apartments, an 11-unit true value-add apartment community in Eagle Rock area of the City of Los Angeles, California. This offering provides an exceptional opportunity for investors to acquire a prime value-add opportunity within walking distance to Occidental College (one block away), a highly sought-after area of Los Angeles. This location provides multiple strategies to savvy investors to operate it as-is, turn it into student housing, or short-term rentals. Current rental income are significantly below market which provides opportunities for buyer to bring the CAP Rate close to 6%. Rent comparable based on competing property that is on the market shows that this property offers ±18% rental upside potential. It is in a strong demographics area with ±$129,284 Average Household Income within a-mile radius. The property is a bread and butter 2-story garden style apartment community and consists of 4 buildings. It is a corner lot and situated on the northwest corner of Eagle Rock Blvd and Westdale Ave. It has ±5,538 sf building size on a ±6,052 sf lot size (zoned C4-1XL). It has a quiet center walkway with a small garden area for seating. It offers a desirable unit mix of seven (7) x 1bed+1bath, and four (4) x Studio units. Each unit offers a functional layout with plenty of windows, windows A/C, and ceiling fans. One of the 2nd floor units has a large private roof deck, and several 2nd floor units have small private balconies. Each unit is individually metered for electricity and gas. Parking is provided by seven garages (one for each unit). Parking soft story retrofit is not required (buyer to verify).
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (17)
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4419 Westdale Avenue
USD 3,250,000 0 Beds
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