548 N Westmoreland Avenue Los Angeles, CA $ 3,925,000
548 N Westmoreland Avenue
$ 3,925,000
Share Save

548 N Westmoreland Avenue

Los Angeles, CA, 90004
$ 3,925,000
Bedrooms20 Baths20.0 Sq 9,744

Monthly Estimate*

$ 27,417

Listed by Jordan Peikin
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 1
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 2
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 3
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 4
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 5
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 6
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 7
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 8
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 9
548 N Westmoreland Avenue, Los Angeles, CA 90004 - Image 10

Multi-Family Home for sale in Los Angeles, CA

for $3,925,000 with 20 bedrooms and 20 full baths. This 9,744 square foot home was built in 1990 on a lot size of 0.1723.

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!

See more

Multi-Family Active

Price

$ 3,925,000

Bedrooms

20

Full Bath

20

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1723

Year Built

1990

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24364675

Days on Market

54

Features
General
Interior Features CeilingFans
Sewer Other
Heating WallFurnace
Roof Composition
Appliances Dishwasher Disposal Microwave Refrigerator
Zoning LAR3
Garage Spaces 18.0
Pool Features None
Security Features GatedCommunity KeyCardEntry
Construction Materials Frame Stucco
Year Built 1990
View CityLights
Levels MultiSplit
Gross Income 273516.0
Community Features Gated
County Los Angeles
Net Operating Income 170103.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions North of Beverly Blvd South of Melrose Ave East of Vermont Ave West of Virgil Ave.
City Los Angeles
Disclosures RentControl
View Y/N Y
Senior Community Y/N N
Total Units 9
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 7505.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Westmoreland
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Standard Status Active
Occupancy Description Tenant
Cap Rate 4.3
See more
Interior
Flooring Laminate Tile
Fireplace Features None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features CommonArea LaundryRoom
Total Bedrooms 20
Electric On Property Y/N N
Total Baths 20
See more
Exterior
Parking Features Assigned Underground Gated
Total Parking 18.0
Lot Size Area 7505.0
Number of Buildings 1
Spa N
Building Area Total 9744.0
Lot Size Acres 0.1723
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 548
See more
* Excluded Features
List By
Jordan Peikin

Broker

(310) 467-5167

Phone

Affordability Calculator

$27,417
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,417
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2024$3,925,000 Listed Price

Map


See all

548 N Westmoreland Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $3,925,000 with 9,744 sqft and a lot size of 0.1723. 548 N Westmoreland Avenue has 20 bedrooms, 20.0 baths, and was built in 1990. The property's zip code is 90004 which is in Los Angeles, CA