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Listed by Robert Chou, DRE #01897029 • Golden Compass Realty, Inc
$ 3,200,000
Est. payment /mo
Active
517 Loma Los Angeles, CA 90017
7,620 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26040247
Year Built 1954
Lot Size 7,620 Sqft
Source California Regional MLS
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 Hookup, 30
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 5153006015
Special Listing Condition Not Applicable
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