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Image 1 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Image 2 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Image 3 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Image 4 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Image 5 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Image 6 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

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Image 8 - 1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA - Townhouse for sale

Residential Income, Modern

1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA

Residential Income, Modern

townhouse for sale

47 views

Listed: 02/13/23

1417 South Westmoreland Avenue, Los Angeles, CA 90006, USA

Studio Bed:

1 Bath:

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Price

$ 3,6M

Show 6 more

About This Townhouse

We are pleased to present1435 SWestmoreland Avenue, a Fully-leased, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 SWestmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come.

Property Includes

Parking
Air Conditioning
Beach View
Cooktop Gas
Oven Gas
Heating Central Furnace
Architecture Modern

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Pico-Union Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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