Twelve-Unit Apartment
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
(818) 212-2735
Listed by
Jason Tuvia · License #License(s): CA: 01772495
(818) 212-2735
Source
Marcusmillichap
Added: Jun 3 Updated: Jul 10 at 1:48PM Checked: Jul 22 at 2:11AM
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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.
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
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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