711 S Westlake Avenue, Los Angeles, CA 90057
- $2,900,000
- List Price
- $2,900,000
- Price Change
- ▼ $650,000 1790140417
- Status
- ACTIVE
- MLS#
- ML82058821
- Year Built
- 1930
- Lot Size
- 7,500
- Acres
- 0.17
- Days on Market
- 33
- Property Type
- Commercial
Property Description
$650,000 PRICE REDUCTION | 9.17% CAP RATE | 6.13 GRM - - 711 S. Westlake Avenue presents an opportunity to acquire a 30-unit multifamily property in Los Angeles. The price has been reduced 18% to $2,900,000, or approximately $96,667 per unit. The seller is highly motivated and seeking a closing before year end.
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Additional Information
- Taxes
- $36,930
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Flat
- School District
- Los Angeles Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $476,706
Listing courtesy of Listing Agent: Mitchell Zurich (mzurich@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.