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140 S Westmoreland Ave 7 Unité Immeuble d’appartements 2 767 863 $ CAD (395 409 $ CAD/Unité) 5,33% Taux de capitalisation Los Angeles, CA 90004
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Faits saillants de l'investissement
- $500,000 Price Reduction! Motivated Seller
- Not subject to Los Angeles Rent Stabilization Ordinance (RSO)
- Constructed in 1982 – subject to AB 1482
- 10.32% proforma cap rate | 9.69 proforma GRM
- Significant value-add opportunity to develop up to six new ground-up ADUs in the rear parking area (buyer to verify)
- 7-unit multifamily property situated on a 7,916 SF LAR3-zoned lot
Résumé de l'annonce
$500,000 Price Reduction! 10.3% Proforma cap rate! 9.69 Proforma GRM!
Kidder Mathews is pleased to present the opportunity to acquire 140
South Westmoreland Avenue, a well-located multifamily investment in
the Wilshire Center submarket of Los Angeles. The property consists
of a 7-unit apartment community situated on a 7,916 square foot LAR3-
zoned lot, offering both stable in-place income and a compelling
long-term value-add strategy.
Constructed in 1982, the property benefits from favorable rent control
characteristics, falling under AB 1482 rather than LA RSO, allowing for
annual rent increases of 5% plus CPI. The existing unit mix includes a
combination of one- and two-bedroom floor plans, many of which have
been upgraded, providing immediate upside through continued rent
growth and operational optimization.
A key differentiating feature of this offering is the ability to develop
up to six new ground-up ADUs in the rear portion of the lot, subject to
buyer verification and approvals. The existing site layout, lot size, and
zoning create a rare opportunity to meaningfully increase unit count
and cash flow without disturbing the primary residential structure. Upon
stabilization, the addition of the ADUs has the potential to significantly
enhance overall yield, improve long-term asset value, and create a
more scalable income stream in one of Los Angeles’ most supply constrained
rental markets.
Located at the intersection of Koreatown and Little Bangladesh, the
property benefits from exceptional centrality, with close proximity to
Downtown Los Angeles, Hollywood, Silver Lake, Echo Park, and major
employment hubs. Tenants enjoy access to public transportation,
freeway connectivity, dining, retail, and cultural amenities, all of which
continue to drive strong rental demand in the immediate area.
140 S. Westmoreland Avenue presents investors with a rare combination
of defensive in-place income, regulatory advantages, and a clearly
defined development upside, making it an attractive opportunity for
both long-term holders and value-add oriented buyers.
Kidder Mathews is pleased to present the opportunity to acquire 140
South Westmoreland Avenue, a well-located multifamily investment in
the Wilshire Center submarket of Los Angeles. The property consists
of a 7-unit apartment community situated on a 7,916 square foot LAR3-
zoned lot, offering both stable in-place income and a compelling
long-term value-add strategy.
Constructed in 1982, the property benefits from favorable rent control
characteristics, falling under AB 1482 rather than LA RSO, allowing for
annual rent increases of 5% plus CPI. The existing unit mix includes a
combination of one- and two-bedroom floor plans, many of which have
been upgraded, providing immediate upside through continued rent
growth and operational optimization.
A key differentiating feature of this offering is the ability to develop
up to six new ground-up ADUs in the rear portion of the lot, subject to
buyer verification and approvals. The existing site layout, lot size, and
zoning create a rare opportunity to meaningfully increase unit count
and cash flow without disturbing the primary residential structure. Upon
stabilization, the addition of the ADUs has the potential to significantly
enhance overall yield, improve long-term asset value, and create a
more scalable income stream in one of Los Angeles’ most supply constrained
rental markets.
Located at the intersection of Koreatown and Little Bangladesh, the
property benefits from exceptional centrality, with close proximity to
Downtown Los Angeles, Hollywood, Silver Lake, Echo Park, and major
employment hubs. Tenants enjoy access to public transportation,
freeway connectivity, dining, retail, and cultural amenities, all of which
continue to drive strong rental demand in the immediate area.
140 S. Westmoreland Avenue presents investors with a rare combination
of defensive in-place income, regulatory advantages, and a clearly
defined development upside, making it an attractive opportunity for
both long-term holders and value-add oriented buyers.
Faits sur la propriété
| Prix | 2 767 863 $ CAD | Classe d’immeuble | C |
| Prix par unité | 395 409 $ CAD | Taille du lot | 0,18 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 193 pi² |
| Taux de capitalisation | 5,33% | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 12.36 | Nombre d’étages | 2 |
| Nombre d’unités | 7 | Année de construction | 1982 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 2,86/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | LAR3 - Zone d'habitation multifamiliale | ||
| Prix | 2 767 863 $ CAD |
| Prix par unité | 395 409 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,33% |
| Multiplicateur du loyer brut | 12.36 |
| Nombre d’unités | 7 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,18 AC |
| Taille du bâtiment | 4 193 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1982 |
| Ratio de stationnement | 2,86/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | LAR3 - Zone d'habitation multifamiliale |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Installations de lessive
- CVCA contrôlé par le locataire
- Clôturé
- Sans ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 5 | - | 500 - 600 |
| 2+1 | 2 | - | 650 - 750 |
1 1
Très accessible à pied
80/100
Moyennement adapté aux voitures
70/100
Transports en commun efficaces
80/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 5501-016-010 | Évaluation des bâtiments | 1 003 198 $ CAD |
| Évaluation du terrain | 1 876 486 $ CAD | Évaluation totale | 2 879 685 $ CAD |
Impôts fonciers
Numéro de lot
5501-016-010
Évaluation du terrain
1 876 486 $ CAD
Évaluation des bâtiments
1 003 198 $ CAD
Évaluation totale
2 879 685 $ CAD
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140 S Westmoreland Ave
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