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    Wesley Ave Los Angeles, CA 90037

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    For Sale
    $1,399,900

    Well-maintained 8-unit apartment building with long-term tenants.

    Property size:
    8,732 SF
    Lot size:
    0.18 Acres

    Property Features for Wesley Ave

    General Information

    Standard status
    Active
    Size
    8,732 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1912

    Source: PAK HOME REALTY Agent JOSE LEON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Producing 8-Unit Apartment Building

    This is an income-producing 8-unit apartment building. The property consists of 6 units with 2 bedrooms and 1 bath, and 2 units with 1 bedroom and 1 bath. The building has long-term tenants, with six of the eight tenants having resided there for over ten years. All units were extensively remodeled approximately seven years ago, including newer electrical, plumbing, interior and exterior features, kitchens, bathrooms, tile, carpet, and laminate flooring. The roofs on both buildings were replaced around 4 years ago, and the foundation was reinforced. Each unit has its own water shut-off valve, and seven of the eight water heaters have been replaced. Rents are currently below market value. There are 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. The 10 and 110 Freeways are minutes away.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28764
    Latitude
    34.00329

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building with long-term tenants.
    Where is this apartment building located?
    The property is located at Wesley Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: - Income-producing 8-unit apartment building with long-term tenants.; - Extensively remodeled approximately 7 years ago with newer electrical, plumbing, kitchens, and bathrooms.; - Roof replaced approximately 4 years ago and foundation reinforced.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Wesley Ave Los Angeles, CA 90037
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