$1,419,000

Estimated payment $9,091/month

Total Views 2,284
6 Beds
5 Baths
4,614 Sq Ft
$308 Price per Sq Ft

About This Home

5-unit income property one bed+ one bath Excellent Well Maintained Two separate buildings are located in Mid-Wilshire. High-demand rental area. 4 Units Building on Front and Back Building detached separated units a large 2bed+1bath unit is built on the backside, One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building 1 unit Detached Single Residence), as per tenants pay their Gas electricity that is individually metered. On-site parking is available with four garages. The total parking space can be eight cars. Westmoreland has many upgrades that will reduce the cost of ownership, including updated electrical, the majority of new copper plumbing, new drain lines, and new property to be sold in as-is condition. The post office is right on the corner of the street, near Eats, USC, K-Town, DTLA, and entertainment centers. This is a value-added opportunity to own. Please Call La for moa Info. Please verify square footage, permits, or information obtained from public records. Buyers must do their due diligence regarding, including but not limited to, use, permit, improvements, square footage, zoning, and school districts. The property is at 1400-1402 1/2 S. Westmoreland Ave and 1401 S Orchard Ave in Los Angeles. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY ON PROPERTY, SUBJECT TO INTERIOR INSPECTION AFTER OFFER ACCEPTANCE

Listing Agent

Henry Han

HBAR License #01444239 Listed on: 03/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Interior Spaces

  • 4,614 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Car Detached Garage
  • Driveway

Additional Features

  • 6,766 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5056-003-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4614
  • Lot Acreage: 0.1553
  • Stories: 2
  • Year Built: 1995
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 307.54

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Detached, Driveway
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.37
  • Assessed Improvement Value: 310937
  • Assessed Land Percent: 75.63
  • Assessed Land Value: 964981
  • Total Assessed Value: 1275918
  • Assessor Parcel Number: 5056-003-007
  • Lot Size Area: 6766

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.20
  • Number Of Units: 5
  • Total Annual Expense: 29187
  • Type Of Units: 1+1 2+1
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 For Sale $1,419,000 +19.2% $308 / Sq Ft
04/03/2020 04/03/20 Sold $1,190,000 -1.7% $258 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
01/11/2020 01/11/20 Price Changed $1,210,000 -6.9% $262 / Sq Ft
11/11/2019 11/11/19 For Sale $1,299,000 -- $282 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25507373

The MLS