Description

An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property's accessibility.

Property details

Bedrooms

16

Bathrooms

8

Square feet

5,492

Year built

1960

Property type

Residential Income

Lot size

7,503 sqft

Location

1016 S Westlake Avenue • Los Angeles, CA 90006

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Listing Agent

Kyle Buckley

DRE #: 02335169

Brokerage: Lyra Residential Inc.

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Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 1016 S WESTLAKE Avenue

Sold $1,400,000 in August 2020 · MLS #20581726 · Source: CRMLS

CRMLS

MLS# 26998473

Listed: 10/7/2026 1:16 PM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/15/2026 12:14 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Lyra Residential Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

16-Bedroom Residential Income - 1016 S Westlake Avenue, Los Angeles, CA