Multifamily

742 S. Westlake

742 S Westlake Ave, Los Angeles, CA 90057

Listing Price: $13,700,000

Cap Rate
4.95%
Number of Units
37
Price/Unit
$370,270
Price/Gross SF
$474.90
Gross SF
28,848

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 742 S. Westlake Ave (“The Property”), a 37-unit non rent controlled multifamily community located in an infill, transit-oriented pocket of Los Angeles. Built in 2019 and exempt from Los Angeles and State Rent Control, 742 S. Westlake is situated in the Westlake community just east of Koreatown and west of Downtown LA, a neighborhood where land values have tripled over the last five years.

Investment Highlights

  • Value Add Opportunity on a Non-Rent Control, Newly Built Apartment Community
  • Returns Unseen over the Last Decade
  • Just 500 Feet to the Macarthur Park/Westlake Station
  • Price Below Replacement Cost
  • New Development Transforming the Market
  • Attracts Tenants Working in a Diverse Range of Industries and Locations

Exclusively Listed By

Listing Price: $13,700,000

Cap Rate
4.95%
Number of Units
37
Price/Unit
$370,270
Price/Gross SF
$474.90
Gross SF
28,848

Investment Highlights

  • Value Add Opportunity on a Non-Rent Control, Newly Built Apartment Community
  • Returns Unseen over the Last Decade
  • Just 500 Feet to the Macarthur Park/Westlake Station
  • Price Below Replacement Cost
  • New Development Transforming the Market
  • Attracts Tenants Working in a Diverse Range of Industries and Locations

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 742 S. Westlake Ave (“The Property”), a 37-unit non rent controlled multifamily community located in an infill, transit-oriented pocket of Los Angeles. Built in 2019 and exempt from Los Angeles and State Rent Control, 742 S. Westlake is situated in the Westlake community just east of Koreatown and west of Downtown LA, a neighborhood where land values have tripled over the last five years.

Exclusively Listed By

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