345 S Westlake Ave
Los Angeles, CA 90057
Westlake Apartments · Multifamily Property For Sale · 37 Units

Marcus and Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 345 South Westlake Avenue, a 39-unit value-add opportunity located less than one mile west from Downtown Los Angeles. Originally built in 1959, and well maintained under current ownership, the property offers investors the opportunity to capture approximately 34 percent upside in rental income by completing renovations to the unit interiors, exterior facade, and common areas. 345 South Westlake Avenue is located in one of the fastest growing pockets of Los Angeles between Downtown and Koreatown. The property’s transit-oriented and highly walkable location offers residents access to the top job centers in Los Angeles, an emerging dining and nightlife scene, and plentiful recreational and cultural amenities. While the exorbitant costs of home ownership and high barriers to entry for new rental developments continue to fuel strong submarket fundamentals, 345 South Westlake Avenue is well positioned to provide consistent returns for investors.