1246 S Westgate Ave | Los Angeles, CA 90025

SALE PRICE: $3,800,000

PRICE/UNIT: $422K          PRICE/SF: $510                  GRM: 14.72                 CAP RATE: 4.35%             

TRANSACTION HIGHLIGHTS

• RARELY traded prime West Los Angeles location

• STRONG in-place rents to hedge against CA rent control

• 10% UPSIDE in market rents

• EXCELLENT unit mix consisting (1) 3 Bed + 2 Bath, (1) 2 Bed + 2 Bath, (3) 2 Bed + 1 Bath, (3) 1 Bed + Bath and (1) Studio + 1 Bath

• EXTENSIVELY remodeled units consisting of hardwood floors, recess lighting, granite countertops & washer dryer hookups

• UNITS separately metered for Gas + Electric

• SOLD AS-IS Buyer is complete Earthquake Seismic Retrofit

• SOLD OFF-MARKET 30 day close with all cash offer