For Sale Multi-Family MLS# 26998473

1016 S Westlake Avenue

Los Angeles, CA 90006

$1,599,999

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About 1016 S Westlake Avenue

An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property's accessibility.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1960
Stories
2
Living area
5,492 sqft
Price / sqft
$291
Lot
0.1722
Original price
$1,699,999
MLS #
26998473

Interior

Features
Ceiling Fan(s)
Appliances
Dishwasher, Dryer
Flooring
Wood
Heating
Wall Furnace

Exterior & lot

Features
Parking spaces: 5
Construction
2
Lot
LAR3
Parking
Assigned

Schools

District
Los Angeles Unified School District

Financial

Parcel
5136011002
Special conditions
Standard

Location

Area
C42 - Downtown L.A.
County
Los Angeles
Neighborhood
Pico - Union
Directions
Near olympic

Ask about this property

Questions on 1016 S Westlake Avenue, Los Angeles, CA 90006, or want to see it in person?

Listed by Kyle Buckley, Lyra Residential Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.