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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

Multifamily

136 S Westlake Ave

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

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