#24469331, Jonathan Taksa, Listing Office: Remax Commercial and Investment Realty
1256 S Westgate Ave Los Angeles, CA 90025
Property details
About 1256 S Westgate Ave
We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
Highlights
Summary
- MLS Number: 25487089
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 425-9838
- Listing Agent: Peter James
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 2/2/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,200,000
1256 S Westgate Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $848,399 | $11,481 |
2023 | $831,764 | $11,282 |
2022 | $815,456 | $10,803 |
2021 | $799,468 | $10,636 |
2020 | $791,271 | $10,343 |
2019 | $775,757 | $10,185 |
2018 | $760,547 | $9,940 |
2017 | $745,635 | $9,940 |
History based on county public records data.
Nearby schools
6
Brockton Avenue Elementary
Public District KG-5
0.2 mi
•1309 Armacost Ave
6
Brentwood Science Magnet
Public District KG-5
0.8 mi
•740 S Gretna Green Way
6
Nora Sterry Elementary School
Public District KG-5
0.8 mi
•1730 Corinth Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,652. Residents of Los Angeles, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
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Frequently asked questions
About 1256 S Westgate Ave
This home is located at 1256 S Westgate Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This 7,391 square foot home, which was built in 1960, sits on a 0.17 acre lot. Features: 13 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $3,200,000.
In January 2025, from all listings sold in Los Angeles, CA there were more than 294 sold above asking price, over 545 sold below and more than 161 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. Listings spent 45 days on the market in January 2025, and had a median list price of $1,035,435 during the same period.