711 S Westlake Avenue, Los Angeles, CA 90057

$3,550,000
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List Price
$3,550,000
Status
ACTIVE
MLS#
ML82058821
Year Built
1930
Lot Size
7,500
Acres
0.17
Days on Market
19
Property Type
Commercial
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(626) 893-2817

Property Description

Marcus & Millichap is pleased to present 711 S Westlake Avenue, a 30-unit apartment community located in Los Angeles Westlake neighborhood. The property features a mix of 1-bedroom and studio units, on-site laundry, and is currently 100% occupied. The property offers strong in-place cash flow with significant additional upside through rent growth, physical improvements, and modernization. Ideally located near Downtown Los Angeles and Dodger Stadium, the property presents a compelling value-add and repositioning opportunity.

(626) 893-2817
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Additional Information

Taxes
$44,648
Cooling
Yes
Cooling Description
None
Roof
Flat
School District
Los Angeles Unified
Attached Structure
Detached
Gross Scheduled Income
$476,706
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Listing courtesy of Listing Agent: Mitchell Zurich (mzurich@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.