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1435 S Westmoreland

For Sale

$3,595,000

1435 S Westmoreland

1435 Westmoreland Avenue, Los Angeles, CA, USA

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

THE QUICK FACTS

BEDROOMS

20

BATHROOMS

16

LOT SIZE (SF)

7472

FLOORS

3

ABOUT

1435 S Westmoreland

YEAR BUILT

2022

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.

Property Location

1435 Westmoreland Avenue, Los Angeles, CA, USA

Contact Agent

Yohann Bensimon

310-923-1550

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