816 Westlake AveLos Angeles, CA 90057
18-unit multifamily, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 1990 construction, not subject to Los Angeles rent control; only AB 1482 applies (5% + CPI annual increases).
- Strong in-place yield, currently operating at a 6.72% cap rate and 9.36 GRM.
- Close proximity to 2028 Olympic venues in the Downtown Sports Park (Coliseum, Crypto.com Arena, BMO Stadium).
- Within 15 minutes of over 100 million square feet of office space, attracting high-income tenants and driving rental growth.
- Family-owned and operated for 15 years.
- Dense infill location near Koreatown and Downtown LA, offering convenient access to entertainment and nightlife.
Property Details for 816 Westlake Ave
- Property type
- Apartment buildings
- Square Feet
- 15,068 SF
- Year Built
- 1990
- Buildings
- 1
- Stories
- 3
- Units
- 18
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0537203
- Longitude
- -118.2767761
Nearby Similar for Sale
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