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319 N Westlake Ave
Los Angeles, CA 90026
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Good South Echo Park Location Just a Couple Blocks from Echo Park Lake
- Remaining Budget to Completion is Approximately $850k
- High Profit On Exit - $1.5M+ Potential Profit
- Will Be Delivered Approximately 80% Complete
- Incredible 9.25% Cap After Completion (Includes the Cost to Complete Construction)
- Not Subject to LA Rent Control (Select Units Set Aside For Rent Restriction*)
Property Facts
| No. Units | 14 | Construction Status | Under Construction |
| Property Type | Multifamily | Building Size | 16,401 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | A | Year Built | 2026 |
| Lot Size | 0.11 AC | Parking Ratio | 0.43/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.11 AC |
| Construction Status | Under Construction |
| Building Size | 16,401 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 2026 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Views
- Den
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,554 | 888 |
| 1+2 | 9 | $3,156 | 888 |
Property Taxes
| Parcel Number | 5157-025-029 | Improvements Assessment | $2,040,000 |
| Land Assessment | $1,479,000 | Total Assessment | $3,519,000 |
Property Taxes
Parcel Number
5157-025-029
Land Assessment
$1,479,000
Improvements Assessment
$2,040,000
Total Assessment
$3,519,000
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