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$3,200,000
 $17,178 est/mo Sourced by Back At You

517 Loma,Los Angeles, CA 90017

Los Angeles, CA 90017

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Description

Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often and when they do, they tend to move quickly.

Details

MLS #OC26040247
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1954
Days On Site179
Listing Provided ByGolden Compass Realty, Inc | Robert Chou

Features

SQ Feet8,704
Car PortYes
Story(s)2
Units12
Building(s)1
Acreage0.17

Exterior

Lot FeaturesNear Park, Near Public Transit, Rectangular Lot, Walkstreet

Parking

Parking FeaturesAssigned, Carport
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks, Urban, Park

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$3,200,000
low | high
Med:
$482,500
100% of Average
sqft:
8,704
low | high
Med:
615
100% of Average
$ / sqft:
$368
low | high
Med:
$823
73.946666666667% of Average
On site:
179
low | high
Med:
158.5
100% of Average
Sourced by Back At You

Market Activity 90017

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Learn More About This Property

Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$3,200,000
low | high
Med:
$482,500
100% of Average
sqft:
8,704
low | high
Med:
615
100% of Average
$ / sqft:
$368
low | high
Med:
$823
73.946666666667% of Average
On site:
179
low | high
Med:
158.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.4M - $4M
sqft: 6,500 - 10,500
Nearby Listings Property ImageNearby Listings Details
401 Witmer Street Property Photo 1
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401 Witmer Street Property Photo 1
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401 Witmer Street
Los Angeles, CA 90017
410 Witmer Street Property Photo 1
$1,895,000
410 Witmer Street
Los Angeles, CA 90017
400 Witmer Street Property Photo 1
$3,350,000
400 Witmer Street
Los Angeles, CA 90017
Listing Updated: July 9, 2026 at 2:50:02 PM PDT

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