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12-Unit Spanish-Style Apartment Building
For Sale
$1,750,000

229 S Westlake Ave, Los Angeles, CA 90057

Classic Spanish-style property with updated building systems, separate utility metering, on-site laundry, and a rear courtyard.

Property Size6,150 SF
Price / SF$284.55
Days on Market69

Property Features for 229 S Westlake Ave

General Information

Standard status Active
Size 6,150 SF
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 12 x studio
Multifamily Units 12

Amenities

on-site laundry

Building Details

Building Size 6,150 SF
Year Built 1926
Buildings 1
Construction Spanish-style
Listing Agency: Marcus & Millichap
Listed By: Jason Tuvia · License #01772495
Source: Carolinakramer
Added: May 29 Changed: Aug 3 Last Checked: Aug 5 at 4:13AM

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

Investment Insights

Based on property information with market context.

Built in 1926, this 6,150-square-foot apartment property contains twelve studio units within a classic Spanish-style building. Recent work includes replacement of the sewer line, electrical system upgrades, and improvements to the copper lateral plumbing. Gas and electricity are separately metered, and the property includes an on-site laundry facility. A rear courtyard and basement add functional common-area space and may offer ADU conversion potential, subject to buyer verification.

The property is located at 229 S Westlake Ave in Los Angeles, south of Beverly Blvd and east of Alvarado St. Access to the 101 and 110 Freeways is nearby, along with the Metro B Line at Westlake/MacArthur Park Station. Beverly Blvd, Alvarado St, Temple St, and 3rd St provide access to surrounding commercial corridors, while Echo Park Lake and Vista Hermosa Park are among the nearby amenities.

Key Highlights

  • Twelve studio units in a 6,150‑square‑foot apartment property
  • 1926 construction with classic Spanish‑style architecture
  • Recent sewer, electrical, and copper lateral plumbing upgrades

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Electrical Service 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.

Lease Details

12
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,779
Businesses Nearby

Demographics for 90057, CA

45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
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 - Classic Spanish-style property with updated building systems, separate utility metering, on-site laundry, and a rear courtyard.
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 $1,750,000.
What are key features of this property?
This property features: Twelve studio units in a 6,150‑square‑foot apartment property; 1926 construction with classic Spanish‑style architecture; Recent sewer, electrical, and copper lateral plumbing upgrades
More about this property
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