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136 S Westlake Ave
Los Angeles, CA 90057
Multifamily Property For Sale · 18 Units

Executive Summary

Well-located 18-unit multifamily property in the Westlake area of Los Angeles. Built in 1955, the two-story building sits on an approximately 9,316 SF lot with ±10,040 SF of building area and LAR3 zoning. The unit mix includes singles, studios, bachelor, and 1-bed/1-bath units, offering broad tenant appeal. The property features separately metered gas and electric, 12 on-site parking spaces, and fee simple ownership. In-place rents present operational upside potential. Centrally located near Downtown Los Angeles, Koreatown, Echo Park, and public transportation. All showings by appointment only—please do not disturb tenants.

Property Facts

Price Per Unit $108,333
Sale Type Investment
Cap Rate 3.74%
Gross Rent Multiplier 10.25
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 10,040 SF
No. Stories 2
Year Built 1955
Parking Ratio 1.2/1,000 SF
Zoning LAR3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 16 - -
1+1 2 - -

Property Taxes

Property Taxes

Parcel Number
5154-002-008
Land Assessment
$57,089
Improvements Assessment
$308,900
Total Assessment
$365,989
  • Listing ID: 40409123

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 136 S Westlake Ave, Los Angeles, CA 90057

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