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Corner 12-Unit Apartment Building
For Sale
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958 S Lake St, Los Angeles, CA 90006

Lake Apartments is a 12-unit building with separate front and rear entrances and in-unit laundry.

Property SizeContact for details
Days on Market121

Property Features for 958 S Lake St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Northmarq
Listed By: Brent Sprenkle · License #01290116
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 8:27PM

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 Northmarq

Investment Insights

Based on property information with market context.

The Lake Apartments is a 12-unit apartment building offering large one-bedroom units at approximately 1,000 square feet each. Each unit includes front and rear entrances, its own laundry room, individual gas and electric meters, and a dedicated hot water heater.

The property is located on a 7,498 square foot corner lot at the intersection of Olympic Blvd and South Lake Street, with an alley in the rear. There are approximately four parking spaces at the back of the property, and a billboard is not included in the sale.

The building’s unit configuration provides direct access from both the front and rear, and the individual utility metering supports separate billing for each unit.

Key Highlights

  • 12‑unit apartment building on a 7,498 SF corner lot at the corner of Olympic Blvd and South Lake Street
  • All units are large 1‑bedroom apartments of approximately 1,000 SF each
  • Each unit has front and rear entrances and its own laundry room

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

5,731
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 - Lake Apartments is a 12-unit building with separate front and rear entrances and in-unit laundry.
Where is this apartment building located?
The property is located at 958 S Lake St Los Angeles, CA.
What are key features of this property?
This property features: 12‑unit apartment building on a 7,498 SF corner lot at the corner of Olympic Blvd and South Lake Street; All units are large 1‑bedroom apartments of approximately 1,000 SF each; Each unit has front and rear entrances and its own laundry room
(310) 621-8221 Call to check price and availability
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