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$ 3,200,000
Est. payment /mo
Price Dropped by $200K
517 Loma Los Angeles, CA 90017
5 Beds
4 Baths
7,620 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26040247
Bedrooms 5
Lot Size 7,620 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. Its uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential dont come up often and when they do, they tend to move quickly.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From I-10. Exit Alvarado St North, right on 7th St, right on Coronado St, left on Loma Dr.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5153006015
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Robert Chou, DRE#01897029 Golden Compass Realty, Inc