$5,150,000
- Beds
- 30
- sq ft
- 15,068
816 S Westlake Ave, Los Angeles, CA 90057
816 S Westlake Ave
Los Angeles, CA 90057
- 23 days on market
Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 816 South Westlake Avenue, an 18-unit apartment community. 816 South Westlake is located south of 8th Street and east of Hoover Street, in the Westlake submarket of Los Angeles. Situated on a 7,502 square foot parcel, the property is comprised of six one-bedroom units and 12 two-bedroom units. Due to its 1990 construction, 816 South Westlake Avenue is not subject to Los Angeles City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual rental increases. The property has subterranean parking with security gated access and an elevator on-site. 816 South Westlake Avenue in close proximity to multiple venues for the 2028 Summer Olympics in Los Angeles. The property is located a short distance from venues in the "Downtown Sports Park" Including the LA Memorial Coliseum, Crypto.com Arena, BMO Stadium & more, which bode well for the long-term prospects of this neighborhood. 816 South Westlake Avenue presents investor a unique opportunity to attain a 1990's constructed asset in a dense infill Westlake location with in-place yield.
Details
Property type
Lot size
7,502 sq ft
Price per sq ft
$342
Year built
1990
HOA
No
Price History
08/27/2024
CLAW #24432381
Listed
$5,150,000
Schools & Community
Neighborhood:
Pico-Union
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 11:55 PM
Listing updated: 09/04/2024 at 5:10 AM
Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500
MLS: CLAW #24432381
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