325 S Westlake Ave, Los Angeles, CA 90057
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325 S Westlake Ave, Los Angeles, CA 90057
325 S Westlake Ave, Los Angeles, CA 90057
325 S Westlake Ave, Los Angeles, CA 90057
325 S Westlake Ave, Los Angeles, CA 90057
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$ 2,450,000
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325 S Westlake Ave Los Angeles, CA 90057

13 Beds

16 Baths

8,000 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $306

MLS Listing ID 26858511

Bedrooms 13

Year Built 1959

Lot Size 7,746 Sqft

Acres 0.1778

Property Sub-Type Multi-Family

Property Description

325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Interior

Heating Wall

Laundry Community

Exterior

Garage Spaces 10.0

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Circa Properties, Inc.
Sandra Williams

Sandra Williams

Broker Associate

+1(626) 893-5170

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325 S Westlake Ave