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Listed by Robert Chou • Golden Compass Realty, Inc
$ 3,400,000
Est. payment /mo
Price Dropped by $100K
517 Loma Los Angeles, CA 90017
8,704 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,704 sqft
Price per Sqft $390
MLS Listing ID OC-26040247
Year Built 1954
Lot Size 7,620 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Assigned, Carport
Pool None
Community Features Sidewalks, Street Lights, Urban
Building
Lot Description Near Public Transit, Park Nearby, Rectangular Lot, Walkstreet
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES