548 N Westmoreland Ave is a 9-unit apartment building situated between East Hollywood and Silver Lake. The property's large unit mix consists of seven 2+2's, one 3+2.5, and one 3+3. Four of the units have been extensively remodeled to include new paint, kitchens and bathrooms, laminate flooring, and air conditioning. All units are townhouse style with open concept layouts and exterior balconies. The building has had numerous upgrades including security camera installation, a rebuilt staircase, and new exterior paint. In addition, the property is not subject to LA City rent control (only subject to California State rent control), which allows for larger annual rent increases. Superbly located just steps away from the heart of the Virgil Village commercial corridor, 548 N Westmoreland Ave provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 88 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Bellevue Recreation Center and Dayton Heights Elementary. Public transit is also easily accessible at the Vermont/Beverly Metro station at 0.6 miles away. With 548 N Westmoreland, you can hedge against inflation, exploit tax advantages, and add more value (approximately 20% rental upside remains), all without the burden of LA City rent control!
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/06/2024 @ 02:32
MLS: 24364675
LISTED BY: Jordan Peikin, Jordan Peikin
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
