$5,150,000
816 S Westlake Avenue
Los Angeles, CA, 90057
Property Description
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.
Property Details
Price:
$5,150,000
MLS #:
24432381
Status:
Active Under Contract
Baths:
0
Address:
816 S Westlake Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
90057
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1990
Schools
Interior
Exterior
Parking Features
Covered
Parking Spots
19.00
Stories Total
3
Financial
Need more info?
If you have any questions about this property, we at the Mohr Group would be happy to answer them. Click the button below and send us a message.
Ask a QuestionReady to go see it?
Schedule a ShowingMortgage Calculator
Similar Listings Nearby
- 201 N Normandie Avenue
Los Angeles, CA$6,100,000
2.04 miles away
- 520 S Kenmore Avenue
Los Angeles, CA$5,900,000
1.35 miles away
- 644 N Normandie Avenue
Los Angeles, CA$5,900,000
2.40 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
816 S Westlake Avenue
Los Angeles, CA
LIGHTBOX-IMAGES