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Chateau Westmoreland is a 24-unit apartment community located in the Virgil Village neighborhood of Los Angeles, California. Built in 1926, the property is situated on 0.19 acre lot with a gross rent-able area of approximately 18,013 square feet. The property consists of a three-story brick structure serviced by two staircases and central hallways. Most units contain exposed brick walls, wood flooring and most have been tastefully remodeled to retain their original old world charm. Chateau Westmoreland offers 12 studio apartments measuring approximately 550 square feet each; nine one bedroom, one-bathroom apartments each measuring approximately 700 square feet; and three large one-bedroom, one-bathroom units each approximately 735 square feet in size. Utilities are master metered but most tenants are reimbursing the owner through a RUBS billing system in addition to having a low number or occupants per unit. The property has been heavily upgraded with most units being renovated and several recent improvements to building systems. The property is priced at a 5.25% cap rate and 11.67 GRM with substantial remaining upside MLS® ID: 22204755 Listed: 9/28/22 Updated: 10/16/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 8,404 ft2 lot Other Property Details Area Name: C17 - Mid-Wilshire Garage: No Parking: None View: N County: Los Angeles Pool: No Total Stories: 3 Zoning: LAM1 Courtesy of Berkadia, Brent Sprenkle, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/16/22. 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.