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We are pleased to present 1435 S Westmoreland Avenue, a FULLY-LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. MLS® ID: 22187041 Listed: 8/30/22 Updated: 10/17/22 Interior Features Kitchen Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator, Dryer, Washer Total Bedrooms: 20 Total Bathrooms: 16 Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 7,472 ft2 lot Architectural Style: Modern Sewer: Other Other Property Details Area Name: C16 - Mid Los Angeles HOA Amenities: Gated Garage: No Parking: Carport, Driveway Down Slope From Street Parking Total: 10.0 View: Y County: Los Angeles Pool: No Total Stories: 3 Zoning: LARD1.5 Property History Date Event Price Value 9/14/22 Price Change $3,595,000 -5% Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.