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717 S Westlake Ave
Los Angeles, CA 90057
40 Units | $123,759 Per Door | 6.4% Cap · Multifamily Property For Sale
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40 Units
Investment Highlights
- 717 S Westlake Avenue is a 40-unit investment opportunity in Westlake with attractive income and value-add potential.
- The asset has been priced to sell with solid income metrics – 6.4% cap and 11 GRM, along with $123,750/door.
- Potentiality exists to create new revenue streams with the implementation of a RUBs system, and common area laundry.
- 717 S Westlake Avenue comprises Seven (7) One-Bedroom / One- Bathroom units and Thirty-Three (33) Studio apartments.
- 717 S Westlake Avenue is separately metered for gas and master metered for electricity.
- The property has a WALKSCORE of 95 and is considered a “Walker’s Paradise.”
Property Facts
| No. Units | 40 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1924 |
| Zoning | R4 - Multiple Dwelling | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1924 |
| Zoning | R4 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
- Family Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,302 | - |
| Studios | 33 | $1,105 | 500 |
Property Taxes
| Parcel Number | 5141-019-011 | Improvements Assessment | $2,018,095 |
| Land Assessment | $2,972,511 | Total Assessment | $4,990,606 |
Property Taxes
Parcel Number
5141-019-011
Land Assessment
$2,972,511
Improvements Assessment
$2,018,095
Total Assessment
$4,990,606
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