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Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$3,550,000
Est. payment /mo
1 Bed
2 Baths
17,145 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,145 sqft
Price per Sqft $207
MLS Listing ID ML82058821
Bedrooms 1
Full Baths 2
Year Built 1930
Lot Size 7,500 Sqft
Property Sub-Type Five or More Units
Property Description
Marcus & Millichap is pleased to present 711 S Westlake Avenue, a 30-unit apartment community located in Los Angeles Westlake neighborhood. The property features a mix of 1-bedroom and studio units, on-site laundry, and is currently 100% occupied. The property offers strong in-place cash flow with significant additional upside through rent growth, physical improvements, and modernization. Ideally located near Downtown Los Angeles and Dodger Stadium, the property presents a compelling value-add and repositioning opportunity.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Other
Cooling None
Exterior
Parking Features No Parking
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 5141-019-010
Security Features None
Special Listing Condition Not Applicable
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