Multifamily
136 S Westlake Ave
136 S Westlake Ave, Los Angeles, CA 90057
Listing Price: $1,950,000
Cap Rate
3.83%
Number of Units
18
GRM
10.26
Price/Unit
$108,333
Price/Gross SF
$194.22
Gross SF
10,040
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 136 S Westlake Ave, an 18-unit investment opportunity located in the vibrant 90057 zip code of Los Angeles.
Investment Highlights
- Value-Add Opportunity Through Operational Improvements: Investors may enhance returns through improved management efficiencies, expense optimization, and targeted capital improvements.
- The property consists of eighteen (18) units featuring a mix of singles, studios, bachelor, and one-bedroom units, appealing to a broad tenant demographic within a dense rental submarket.
- In-place rents remain below prevailing market levels, presenting upside through natural turnover, interior improvements, and rent realignment consistent with comparable properties in the area.
- Well-Located Westlake Asset Near Downtown Los Angeles: Situated just minutes from DTLA and within close proximity to the Westlake / MacArthur Park Metro Station, providing convenient access to Downtown Los Angeles, Koreatown, Echo Park, and surrounding employment centers.
Exclusively Listed By
Listing Price: $1,950,000
Cap Rate
3.83%
Number of Units
18
GRM
10.26
Price/Unit
$108,333
Price/Gross SF
$194.22
Gross SF
10,040
Investment Highlights
- Value-Add Opportunity Through Operational Improvements: Investors may enhance returns through improved management efficiencies, expense optimization, and targeted capital improvements.
- The property consists of eighteen (18) units featuring a mix of singles, studios, bachelor, and one-bedroom units, appealing to a broad tenant demographic within a dense rental submarket.
- In-place rents remain below prevailing market levels, presenting upside through natural turnover, interior improvements, and rent realignment consistent with comparable properties in the area.
- Well-Located Westlake Asset Near Downtown Los Angeles: Situated just minutes from DTLA and within close proximity to the Westlake / MacArthur Park Metro Station, providing convenient access to Downtown Los Angeles, Koreatown, Echo Park, and surrounding employment centers.
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 136 S Westlake Ave, an 18-unit investment opportunity located in the vibrant 90057 zip code of Los Angeles.
Exclusively Listed By