1435 S Westmoreland

LOS ANGELES, 90006
Fully-Leased, 5-Unit New Construction Townhomes in Pico Union

5
UNITS
4BR
UNITS
$3,595,000
PRICE
7,472 SF LARD1.5
LOT
8,163 SF
PROPERTY

FINANCIALS

SALES PRICE

PRICE PER SF

CAP RATE

GRM

GROSS RENTAL INCOME

$3,595,000

$440.4

5.23%

13.94

$257,940

For a full financial breakdown, please browse the Offering Memorandum Package PDF by clicking below.

Ikon Advisors is pleased to present 1435 S Westmoreland Avenue, a FULLY LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an impressive 5.23% Cap Rate, with easy maintenance and little management needed. 1433 S Westmoreland 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.

INTERIOR

YEAR BUILT

FLOORING

APPLIANCES




OTHER INTERIOR
FEATURES

2022

Laminate Wood Floors

Washer/Dryer, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven
Washer, Refrigerator


Attached Balconies, High Ceilings

EXTERIOR

STORIES

YARD

AIR CONDITIONING

PARKING


 

3

Manicured landscaping

Central Air & Heat


10 Car Garage, Onsite, Private

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Contact Yohann about 
1435 S Westmoreland Ave!

310.923.1550 | yohann@ikonadvisors.com

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Yohann Bensimon | CALDRE #01966630

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