517 Loma, Los Angeles, CA 90017
517 Loma, Los Angeles, CA 90017
517 Loma, Los Angeles, CA 90017
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Elvida Salazar

Elvida Salazar

+1(760) 801-9758
$3,200,000
Est. payment /mo
7,618 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26040247

HOA Y/N No

Year Built 1954

Lot Size 7,618 Sqft

Property Sub-Type Apartment

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

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Carport

Carport Spaces 10

Pool None

Community Features Street Lights, Sidewalks, Urban, Park

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Park, Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5153006015

Energy Description 2160.0

Acceptable Financing Cash to Existing Loan, 1031 Exchange

Listing Terms Cash to Existing Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Robert Chou Golden Compass Realty, Inc Robert@goldencompassre.com, DRE #01897029

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Elvida Salazar

Elvida Salazar

+1(760) 801-9758

Realtor® | Property Management Specialist | License ID: DRE# 01775858

Realtor® | Property Management Specialist License ID: DRE# 01775858

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