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816 S Westlake Ave
Los Angeles, CA 90057

$5,150,000 USD

Apartments For Sale  •  15,068 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,068 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1990
  • Zoning LAR3
85 Transit Score
95 Walk Score

Highlights

Not Subject to City of Los Angeles Rent Control, Only Subject to AB 1482 State Rent Control Which Allows 5% + CPI Annual Rent Increases
Operating at a Current 6.72% Cap Rate and 9.36 Gross Rent Multiplier
In Close Proximity to 'Downtown Sports Park' for the 2028 LA Summer Olympics, including LA Coliseum, Crypto.com Arena, & BMO Stadium
Located Within a 15 Minute Radius of Over 100 Million SF of Office Space, which Attracts High-Income Tenant Profiles and Drives Rental Growth
Family Owned and Operated for the Last 15 Years
In Close Proximity to Koreatown and Downtown Los Angeles, Offering Renters Convenient Access to Entertainment and Nightlife

Amenities

  • Air Conditioning
  • Gated
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Elevator
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 7 min - 3.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.4 mi
Transit/SubwayDriveWalkDistance
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 0 min 6 min 0.3 mi
AirportDriveWalkDistance
Bob Hope 23 min - 13.7 mi
Los Angeles International 24 min - 14.1 mi
Long Beach (Daugherty Field) 31 min - 22.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Covered
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap