Active
1256 S Westgate Avenue
Los Angeles CA, 90025
$3,200,000
$432.96 per sqft
Active
13 Beds
11 Baths
7,391 sqft
Residential
Built in 1960
Listed by Peter James with Lyon Stahl Investment Real Estate, Inc. 310-467-7581
We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
25487089
MLSⓇ ID
January 21, 2025
Listed
January 22, 2025
Updated
Map
1256 S Westgate Avenue
Los Angeles CA, 90025
Interior Features
Total Stories
2
Bedrooms
13
Total Bathrooms
11
Appliances
Refrigerator, Dryer, Washer
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Rectangular Lot
Architectual Style
Mid-Century Modern
Sewer
Other
Other Property Details
Area Name
WLA - West Los Angeles
Garage
No
Parking
Covered, One Space, Side By Side
Parking Total
10
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/22/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 1/22/2025 at 12:12 AM UTC