Active

548 N Westmoreland Ave

Los Angeles CA, 90004

$3,925,000


$402.81 per sqft

Active

20 Beds

9,744 sqft

Residential

Built in 1990

548 N Westmoreland Ave is a 9-unit apartment building situated between East Hollywood and Silver Lake. The property's large unit mix consists of seven 2+2's, one 3+2.5, and one 3+3. Four of the units have been extensively remodeled to include new paint, kitchens and bathrooms, laminate flooring, and air conditioning. All units are townhouse style with open concept layouts and exterior balconies. The building has had numerous upgrades including security camera installation, a rebuilt staircase, and new exterior paint. In addition, the property is not subject to LA City rent control (only subject to California State rent control), which allows for larger annual rent increases. Superbly located just steps away from the heart of the Virgil Village commercial corridor, 548 N Westmoreland Ave provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 88 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Bellevue Recreation Center and Dayton Heights Elementary. Public transit is also easily accessible at the Vermont/Beverly Metro station at 0.6 miles away. With 548 N Westmoreland, you can hedge against inflation, exploit tax advantages, and add more value (approximately 20% rental upside remains), all without the burden of LA City rent control!

24-364675

MLS ID

March 4, 2024

Listed

April 5, 2024

Updated

Map

548 N Westmoreland Ave
Los Angeles CA, 90004

Interior Features

Total Stories

2


Bedrooms

20 Beds


Appliances

Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range/Oven


Laundry Description

Community, Room


Floor Description

Laminate, Tile


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.17 Acres


Roof

Composition, Spanish Tile


Sewer

In Street

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

8


Garage

Yes


Garage Spaces

18


Parking

Assigned, Gated, Subterranean


Parking Total

18


View

Yes


View Description

City, City Lights


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listed by Jordan Peikin with Jordan Peikin
Listing Contact: 310-467-5167 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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