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Gated Five-Unit Apartment Property
For Sale
Contact for pricing
Pending

1111 S Westlake Ave, Los Angeles, CA 90006

Historic architectural character pairs with a detached residence and separate utility metering.

Property SizeContact for details
Days on Market140

Property Features for 1111 S Westlake Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Keller Williams Larchmont
Listed By: Vinnie Park · License #CA 02015848
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 2:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Larchmont

Investment Insights

Based on property information with market context.

This five-unit apartment property combines a front Craftsman-style structure with four one-bedroom residences and a detached Victorian-style home offering two bedrooms and two bathrooms. The property is securely gated, and one front unit has received a comprehensive renovation with stainless steel appliances, white shaker cabinetry, wood-style flooring, window AC units, fresh paint, and a porcelain-tiled bathroom. Power and gas are separately metered.

Situated in the Historic Pico-Union District near Koreatown, the property provides access to the 10 and 110 Freeways for travel between DTLA and West LA. Grocery markets, restaurants, shops, bars, and hotels are located in the surrounding area. The asset carries an appx 4.7% CURRENT CAP Rate and may support 1031 exchange or long-term hold strategies as described in the property information.

Key Highlights

  • Five total units: four 1‑bedroom residences plus a detached 2‑bedroom, 2‑bath Victorian‑style home
  • Front Craftsman‑style structure paired with a detached rear residence
  • One front unit recently renovated with stainless steel appliances and white shaker kitchen cabinets

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Veterinary Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,257
Businesses Nearby

Demographics for 90006, CA

58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic architectural character pairs with a detached residence and separate utility metering.
Where is this apartment building located?
The property is located at 1111 S Westlake Ave Los Angeles, CA.
What are key features of this property?
This property features: Five total units: four 1‑bedroom residences plus a detached 2‑bedroom, 2‑bath Victorian‑style home; Front Craftsman‑style structure paired with a detached rear residence; One front unit recently renovated with stainless steel appliances and white shaker kitchen cabinets
(323) 762-2600 Call to check price and availability
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