517 Loma, Los Angeles, CA 90017
- $3,200,000
List Agent Robert Chou () Golden Compass Realty, Inc; CoList ()
- List Price
- $3,200,000
- Price Change
- ▼ $200,000 1780211969
- Status
- ACTIVE
- MLS#
- OC26040247
- Year Built
- 1954
- Lot Size
- 7,620
- Lot Location
- Near Park, Near Public Transit, Rectangular Lot, Walkstreet
- Days on Market
- 158
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often — and when they do, they tend to move quickly.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.