1435 S Westmoreland
LOS ANGELES, 90006
Fully-Leased, 5-Unit New Construction Townhomes in Pico Union
7,472 SF LARD1.5
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.