Investment Overview

Marcus & Millichap is pleased to present 711 South Westlake Avenue in Los Angeles. This property presents an opportunity to acquire a 30-unit multifamily property in Los Angeles’ Westlake neighborhood. Built in 1930, the property consists of nine (9) 1-Bedroom x 1-Bathroom units and twenty-one (21) studio units across approximately 17,145 square feet of living area on a 0.17-acre lot. The property features on-site laundry and is located approximately 0.3 miles from Esperanza Elementary School. The property’s unit mix provides a strong concentration of smaller, more affordable floor plans suited to the area’s renter base. The property offers significant value-add potential for an investor seeking to reposition an existing apartment asset. With substantial opportunity for physical improvements and modernization, a new owner may be able to enhance the property’s overall appeal, improve the resident experience, and capture additional rental upside through a comprehensive renovation strategy.