1517 S Westmoreland Avenue Los Angeles, CA $ 2,200,000
1517 S Westmoreland Avenue
$ 2,200,000
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1517 S Westmoreland Avenue

Los Angeles, CA, 90006
$ 2,200,000
Baths2.0 Sq 6,199

Monthly Estimate*

$ 13,725

Listed by LoanRate
1517 S Westmoreland Avenue, Los Angeles, CA 90006 - Image 1
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,200,000 with 2 full baths. This 6,199 square foot home was built in 1921 on a lot size of 0.3067.

Incredible Multifamily opportunity in a High Demand Mid Los Angeles neighborhood featuring 9 very well-maintained units. Owner's unit consist of 3 bedrooms and 2 full baths with a Master walk-in closet and inside laundry area. This property sits on a large almost double lot with 13,358 square feet that will be strong for any future development or large apartment complex build out. The property consists of 5 separate buildings with 1)3 bedroom and 2 bath owners' unit, 6)2 bedroom and 1 bath, and 2)1 bedroom and 1 bath units. Owner's unit will be delivered vacant along with 2) 2-bedroom units. Located just minutes from downtown Los Angeles, USC, and all major transit corridors including the 10,110 and the 5 Freeways. Don't miss this incredible opportunity to acquire a Multifamily property offering immediate cash flow and long-term upside in a well-established market.

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Multi-Family Active

Price

$ 2,200,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3067

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW25194790

Days on Market

120

Features
General
Sewer Public Sewer
Heating Wall Furnace
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Plus 3 Days
Roof Composition
Zoning LAR4
HOA Fee 0
Garage Spaces 1
Architectural Style Craftsman
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco Wood Siding
Year Built 1921
Electric Standard
Tenant Pays Cable TV Electricity Gas Telephone
View City Lights
Stories Count 1
Levels One Two
Property Subtype Apartment
Gross Income 193608
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 151414
Operating Expense 42194
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions N/Venice Blvd E/Vermont Ave
City Los Angeles
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 9
MLS Area C16 - Mid Los Angeles
Lot Size Units Square Feet
Lot Size Square Feet 13358
Number of Units Leased 7
Listing Terms Cash Cash to New Loan Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Current Financing Conventional
Property Condition Turnkey
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 19
Total Actual Rent 8375
Property Sub Type Additional Apartment
Cap Rate 6.88
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Interior
Flooring Tile Vinyl
Total Stories 2
Common Walls 1 Common Wall
Heating Y/N true
Laundry Features Inside
Entry Level 1
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Exterior
Fencing Wrought Iron
Parking Features Concrete Door-Single Driveway Garage Gated
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 7
Lot Size Area 13358
Foundation Details Combination
Number of Buildings 5
Spa false
Building Area Total 6199
Lot Size Acres 0.3067
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
Road Frontage Type City Street
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* Excluded Features
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Loanrate

Broker

LoanRate@yahoo.com

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Affordability Calculator

$13,725
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Monthly Principal & Interest
$13,725
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Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,200,000 Listed Price

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1517 S Westmoreland Avenue, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $2,200,000 with 6,199 sqft and a lot size of 0.3067. 1517 S Westmoreland Avenue is a studio with 2.0 baths and was built in 1921. The property's zip code is 90006 which is in Los Angeles, CA