Description
We are pleased to present 1433 S Westmoreland Avenue, a newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with a 5.24% Cap Rate, with easy maintenance and little management needed. 1433 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. Please call LA1 for showings. ***The property is fully Vacant.
Location
Similar Listings
$15,000,000
11
12
MLS# P1-8900
Listing Agent: Brent Chang
Courtesy of: COMPASS
$15,000,000
MLS# IV18205977
Listing Agent: WALTER RON KEMPER
Courtesy of: Walter Ron Kemper, Broker
$15,000,000
MLS# AR20227517
Listing Agent: QING GUAN
Courtesy of: Pinnacle Real Estate Group
$14,995,000
5
7
MLS# OC22058862
Listing Agent: Bob Wolff
Courtesy of: Harcourts Prime Properties
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 16th May, 2022 7:13 AM (UTC)
