Morrison Apartments

01-11-2022
01-11-2022

14 Westminster Ave, Los Angeles, CA 90291

  • 2 trophy buildings totaling 42 units - sold separately or together with 40 Westminster Avenue
  • Excellent condition with lots of capital improvements
  • Great unit mix of Bachelors, Studios, One & Two-bedrooms
  • Good rental upside

Property Description

Silicon Beach Trophy asset located just off the beach on one of the hottest and most sought-after rental markets in the city that has made an extraordinary comeback post-Covid. Lots of capital improvements invested to bring this charming 1912 building into the 21st century, including new copper plumbing for most of the building as well as many other interior and exterior common area upgrades. Most unit remodels include new kitchens, bathrooms, wall heaters, windows and window treatments, interior doors, lighting, tile, floors and more. Not only is it steps away from the sand, but the building is in close proximity to Abbott Kinney and Main Street. Ideal unit mix of Bachelors, Studios, One and Two-Bedrooms. Good rental upside.

Key Property Information

Listing Status
Available
Price
$ 9,700,000
No. of Units
24
Cap Rate
3.88%
GRM / GIM
16.3
Year Built
1912
Building Size
9,350 Sq ft
Lot Size
3,148 Sq ft
No. of Stories
4
APN
4226-006-005
Zoning Code
LARD1.5
Opportunity Zone
Off
Price per unit
$ 404,167
View broker details
Sign in to use the inquiry form

33.988622, -118.474454

Similar Properties in the area

Management Companies in the area