816 South Westlake Avenue
$5,150,000
30
30
15,068
15,068
$342
Active Under Contract
Description
Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 816 South Westlake Avenue, an 18-unit apartment community. 816 South Westlake is located south of 8th Street and east of Hoover Street, in the Westlake submarket of Los Angeles. Situated on a 7,502 square foot parcel, the property is comprised of six one-bedroom units and 12 two-bedroom units. Due to its 1990 construction, 816 South Westlake Avenue is not subject to...Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 816 South Westlake Avenue, an 18-unit apartment community. 816 South Westlake is located south of 8th Street and east of Hoover Street, in the Westlake submarket of Los Angeles. Situated on a 7,502 square foot parcel, the property is comprised of six one-bedroom units and 12 two-bedroom units. Due to its 1990 construction, 816 South Westlake Avenue is not subject to Los Angeles City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual rental increases. The property has subterranean parking with security gated access and an elevator on-site. 816 South Westlake Avenue in close proximity to multiple venues for the 2028 Summer Olympics in Los Angeles. The property is located a short distance from venues in the "Downtown Sports Park" Including the LA Memorial Coliseum, Crypto.com Arena, BMO Stadium & more, which bode well for the long-term prospects of this neighborhood. 816 South Westlake Avenue presents investor a unique opportunity to attain a 1990's constructed asset in a dense infill Westlake location with in-place yield.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 816 South Westlake Avenue
Zoning
LAR3
Parcel Number5142004004
Total Units18.0
Living Area15068
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate1
Lot Size Area7502
LISTING UPDATED: 11/12/2024 09:42 AM
Property Details for 816 South Westlake Avenue
Status | Active Under Contract |
---|---|
MLS # | 24-432381 |
Days on Market | 132 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1990 |
Lot Size | 0.17 AC / 7,502 SF |
County | Los Angeles County |
Building Information for 816 South Westlake Avenue
Stories3Residences-Year Built1990Building Size-Lot Size0.17 AC / 7,502 SF
Property Information for 816 South Westlake Avenue
Property History for 816 South Westlake Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 816 South Westlake Avenue
Taxable ValueLand$1,138,958Additions$1,440,151Total$2,579,109
Tax Record2024$32,850 ($2,738 / month)
Home Facts
Total Finished SqFt15,068 SqFtAbove Grade Finished SqFt15,068 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLAR3CountyLOS ANGELESAPN5142-004-004
Schools near 816 South Westlake Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | K to 6 | |||
Charter - | K to 6 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Aspire Inskeep Academy Charter CharterK to 6 | ||
Aspire Slauson Academy Charter CharterK to 6 | ||
Luther Burbank Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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