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Commercial Property — 325 S Westlake Avenue, Los Angeles, CA

$2,450,000

325 S Westlake Avenue, Los Angeles, CA

$2,450,000 — 325 S Westlake Avenue, Los Angeles, CA — photo 1 $2,450,000 — 325 S Westlake Avenue, Los Angeles, CA — photo 2 $2,450,000 — 325 S Westlake Avenue, Los Angeles, CA — photo 3 $2,450,000 — 325 S Westlake Avenue, Los Angeles, CA — photo 4 $2,450,000 — 325 S Westlake Avenue, Los Angeles, CA — photo 5
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About this property

325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.

Property details

Square feet
8,000
Year built
1959
Property type
CommercialSale

Location

325 S Westlake Avenue • Los Angeles, CA 90057

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Listed by

Jenny Park · Circa Properties, Inc.

Listing courtesy of Circa Properties, Inc.. Information deemed reliable but not guaranteed.

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