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Twelve-Unit Apartment Building

229 S Westlake Ave Los Angeles, CA 90057

229 S Westlake Ave, Los Angeles, CA, 90057
$1,895,000
For Sale
$1,895,000

Twelve studio units with separate gas/electric meters, on-site laundry, and recent sewer and plumbing improvements.

Days on Market50

Property Features for 229 S Westlake Ave

General Information

Standard status
Active
Property subtype
Multifamily
Listing agency Marcus & Millichap - Encino
Listed by Jason Tuvia · License #License(s): CA: 01772495
Source Marcusmillichap
Added: Jun 3 Updated: Jul 10 at 1:48PM Checked: Jul 22 at 2:11AM

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 Marcus & Millichap - Encino


Investment Insights

Based on property information with market context.

This twelve-unit apartment building features a streamlined unit mix of all studio apartments and classic Spanish-style architecture. The property is separately metered for gas and electricity and includes an on-site laundry facility. Recent capital improvements include a new sewer line, upgraded electrical systems, and upgraded copper lateral plumbing lines. A rear courtyard and basement add flexibility and present potential for ADU conversion opportunities, subject to buyer verification.

Located in a good Echo Park-adjacent area, the building sits just south of Beverly Blvd and east of Alvarado St. Residents benefit from immediate access to major regional transportation including the 101 and 110 Freeways, as well as the Metro B Line at Westlake/MacArthur Park Station. The surrounding area includes major commercial corridors such as Beverly Blvd, Alvarado St, Temple St, and 3rd St, along with neighborhood amenities including Echo Park Lake and Vista Hermosa Park.

For investors and operators seeking a smaller multifamily asset with apartment-style income in a transit-connected, amenity-rich submarket, this property offers a straightforward studio configuration and documented utility and life-safety upgrades. The separately metered setup and existing laundry facility support day-to-day operations, while the courtyard and basement provide a practical starting point for ADU planning, pending all applicable approvals.

Key Highlights

  • 12‑unit apartment building with a unit mix of twelve studio units
  • Separate gas and electricity meters for the property
  • On‑site laundry facility

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Electrical Service Buffet Clothing & Fashion Store (Bike/Boat/Book/etc) Store HVAC Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Twelve studio units with separate gas/electric meters, on-site laundry, and recent sewer and plumbing improvements.
Where is this apartment building located?
The property is located at 229 S Westlake Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 12‑unit apartment building with a unit mix of twelve studio units; Separate gas and electricity meters for the property; On‑site laundry facility
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