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523 S Westmoreland Ave
Los Angeles, CA 90020
56 Units in Koreatown | Value-Add Deal · Multifamily Property For Sale · 56 Units
PROPERTY FACTS
| No. Units | 56 | Building Size | 30,280 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.26/1,000 SF |
| Lot Size | 0.23 AC |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 30,280 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1927 |
| Parking Ratio | 0.26/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Elevator
About 523 S Westmoreland Ave , Los Angeles, CA 90020
San Mar Manor is a 56-unit 1920’s vintage value- add opportunity located in the highly desirable Koreatown sub-market. Built in 1927, the subject property is constructed of reinforced masonry and is situated on a 10,200 square foot parcel, zoned LAR4. The property features well laid out floor plans consisting of 42 singles and 14 one-bedroom / one-bath units. The property is master-metered for all utilities and is subject to Los Angeles rent control statutes. San Mar Manor has undergone numerous capital improvements including a new electrical system that was completely re-wired less than 10 years ago and plumbing upgrades as units have been turned. Investors will have the opportunity to implement a comprehensive interior and exterior renovation to re-position the property into a truly unique 1920’s vintage luxury community and increase rental income by an estimated 38 percent.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 42 | - | 345 |
| 1+1 | 14 | - | 700 |
PROPERTY TAXES
| Parcel Number | 5077-004-019 | Improvements Assessment | $1,924,740 |
| Land Assessment | $10,065,870 | Total Assessment | $11,990,610 |
PROPERTY TAXES
zoning
| Zoning Code | LAR4 |
| LAR4 |
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