325 S Westlake Avenue, Los Angeles, CA 90057
325 S Westlake Avenue, Los Angeles, CA 90057
325 S Westlake Avenue, Los Angeles, CA 90057
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$2,450,000
Est. payment /mo
8,000 SqFt
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Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $306

MLS Listing ID CL26858511

HOA Y/N No

Year Built 1959

Lot Size 7,746 Sqft

Acres 0.1778

Property Sub-Type Comm Ind For Sale

Property Description

325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Exterior

Total Parking Spaces 10

Building

New Construction No

Others

Tax ID 5154028018


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Bridge MLS
Listed by Jenny Park • Circa Properties, Inc.

NEARBY SCHOOL & BUSINESS

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