Winston and Neville
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Winston and Neville
2 Multifamily Properties Offered at $12,800,000 in Los Angeles, CA
Investment Highlights
- Beautiful vintage Art Deco asset
- Entire property extensively renovated
- “Walker's Paradise” score of 92
- 4.5% initial cap rate with 15% upside in income
- 50 of 54 units fully remodeled with modern finishes
- Located within an Opportunity Zone
Executive Summary
Originally built in 1926-27, Winston & Neville contains 54 units thoughtfully renovated for the 21st century while wrapped in a vintage 1920’s façade. The two-building collection features 42 Studio units and 12 One Bedroom units. Fifty of the 54 units have been extensively remodeled with coveted contemporary finishes. This includes all-new kitchens and bathrooms, featuring stainless steel appliances; granite countertops; modern kitchen cabinetry; wood-style plank flooring throughout; bathroom vanities and tiled showers; and designer fixtures, hardware, lighting and ceiling fans.
Winston & Neville has been upgraded with a new electrical system, new copper plumbing in many units, new water heaters and an upgraded roof. The common areas have also been upgraded with new interior and exterior paint, flooring and light fixtures, and a landscaped courtyard with lounge area.
Additional amenities include secured entry, video surveillance system and onsite laundry for residents, 124 Westmoreland is master metered for gas and electricity, while 118 Westmoreland is master metered for gas and separately metered for electricity.
Winston & Neville has been upgraded with a new electrical system, new copper plumbing in many units, new water heaters and an upgraded roof. The common areas have also been upgraded with new interior and exterior paint, flooring and light fixtures, and a landscaped courtyard with lounge area.
Additional amenities include secured entry, video surveillance system and onsite laundry for residents, 124 Westmoreland is master metered for gas and electricity, while 118 Westmoreland is master metered for gas and separately metered for electricity.
Taxes & Operating Expenses (Actual - 2021) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$971,250
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $971,250 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $12,800,000 | Number of Properties | 2 |
| Price / SF | $350.73 / SF | Individually For Sale | 0 |
| Cap Rate | 4.50% | Total Building Size | 36,495 SF |
| Sale Type | Investment | Total Land Area | 0.39 AC |
| Status | Active |
| Price | $12,800,000 |
| Price / SF | $350.73 / SF |
| Cap Rate | 4.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,495 SF |
| Total Land Area | 0.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Winston and Neville
124 N Westmoreland Ave, Los Angeles, CA 90004 |
Multifamily | 17,730 SF | 1926 | - |
| 118 N Westmoreland Ave, Los Angeles, CA 90004 | Multifamily | 18,765 SF | 1926 | - |
1 of 1
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Winston and Neville
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.