John E Burge

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517 LomaLos Angeles, CA 90017

Multi-Family · 8,704 Sq. ft. | 0.17 Acres
$3,200,000 Active

517 Loma Overview

Time on Site:
126 days
Visits:
0

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.

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517 Loma Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,704
  • Price/Sq.ft. $368
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 36000.0
  • Fuel Expense: 2160.0
  • Gardener Expense: 1800.0
  • Gross Income: 255154.0
  • Gross Scheduled Income: 255154.0
  • Insurance Expense: 11000.0
  • Net Operating Income: 158747.1
  • Operating Expense: 76960.0
  • Trash Expense: 5700.0
  • Water Sewer Expense: 36000.0

Listing Information

  • Contingency: 1031 exchange

Building Information

  • New Construction: No
  • Year Built: 1954

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C42 - Downtown L.A.
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Street Lights,Sidewalks,Urban,Park

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Cable TV,Electricity,Gas,Parking Fee

General Information

  • Listing Terms: Cash to Existing Loan,1031 Exchange
  • Parcel Number: 5153006015
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 8704.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: side of building.
  • Laundry Features: Washer Hookup,Gas Dryer Hookup
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Assigned,Carport
  • Parking Total: 10.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Near Park,Near Public Transit,Rectangular Lot,Walkstreet
  • Lot Size Acres: 0.1749
  • Lot Size Area: 7620.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7620.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: No

General Information

  • Carport Spaces: 10.0
  • Carport: Yes
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

517 Loma Neighborhood

Community

90017 (LOS ANGELES) Demographics

32
Median Age
38,321
Population Density (per sq. mile)
38%
College Educated
$36,870
Estimated Median Income
630
Estimated Total Home Owners
11,308
Estimated Total Renters
5% / 95%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

517 Loma Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

517 Loma Market Data

Based on the last 30 days in this zip code

$641,389
Average List Price
$676
Average Price per Square Foot
8
Properties Sold
131
Average Days on Market
270
Properties for Sale
Calculations provided by Reliance Network

517 Loma History

Date Event Value Agent
5/30/2026Source: CRMLS Price Reduction
$3,200,000 -5.9%
3/18/2026Source: CRMLS Price Reduction
$3,400,000 -2.9%
2/23/2026Source: CRMLS Added to Database
February 23, 2026
Listing provided courtesy of Golden Compass Realty, IncRobert Chou- MLS# OC26040247MLS ProviderContact Information: 949-930-9991
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