415 Loma Drive, Los Angeles, CA 90017
- $1,795,000
- 10
- BD
- 9
- BA
- 5,404
- SqFt
Listing courtesy of Listing Agent: Sean Namigohar (sean@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $1,795,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26873261
- Subtype
- Residential Income
- Year Built
- 1953
- Bedrooms
- 10
- Bathrooms
- 9
- Living Area
- 5,404
- Lot Size
- 9,668
- Acres
- 0.22
- MLS Area Major
- Downtown L.A. (C42)
Property Description
Well-maintained 9-unit apartment community located in the desirable Westlake North neighborhood of Los Angeles. Ownership has invested over $700,000 in capital improvements, creating a turnkey asset featuring remodeled units with in-unit washer/dryers, recessed lighting, upgraded windows, modern appliances, updated electrical systems, copper plumbing, and a newer roof. The property also offers secured code-gated access, six on-site parking spaces, and spacious private sundeck patios for select two-bedroom units.The property delivers strong in-place cash flow at a 6.8% CAP rate while offering more than 26% rental upside. A large community backyard presents potential for future ADU development, providing additional value-add opportunities. Ideally situated just south of West 3rd Street, residents enjoy walkable access to popular retail, dining, and ongoing neighborhood revitalization, with convenient access to Echo Park, Silver Lake, and Downtown Los Angeles.
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Additional Information
- Zoning
- LAR4
- Appliances
- Dryer, Washer
- Heating
- None
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Garage
Mortgage Calculator
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.