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830 S Westlake Avenue, Los Angeles, CA 90057

Commercial property

830 S Westlake Avenue, Los Angeles, CA 90057 Sold November 2023 CRMLS
$6,800,000Sold November 2023

Listing Agent: Suk Joon Chang (DRE #01843430) · Listing Office: Team Spirit Realty, Inc. · Contact: 714-562-0404 · Bought with: Suk Joon Chang · Team Spirit Realty, Inc. · MLS #PW23098296 · Source: CRMLS

34,722
Building Sq Ft
60
Units
3.77%
Cap Rate
$414,303
NOI
29,999 sqft
Lot Size
1964
Year Built
LAR3
Zoning
Commercial property
Type

How this sale compares

830 S Westlake Avenue sold for $6,800,000 in November 2023, 38% under its $11,000,000 list price, after 73 days on the market. It was first listed at $14,000,000.

73
Days on market
−38%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

Description

Realtors! Call your developer clients now. Excellent opportunity to acquire investment property in the heart of Los Angeles. 60-unit apartment building on 30,000 SQFT lot near DTLA. Located near Alvarado St, restaurants and stores. Near 100% occupancy. Upside rent market and potentials.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$6,800,000
Sold November 2023 · listed $11,000,000, orig. $14,000,000, on market June 2023, 73 days on market · MLS #PW23098296 · Source: CRMLS
Listing Agent: Suk Joon Chang · Listing Office: Team Spirit Realty, Inc. · Contact: 714-562-0404 · Bought with: Suk Joon Chang · Team Spirit Realty, Inc.
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