730 S Westlake Ave 18 Unit Apartment Building $3,550,000 ($197,222/Unit) 6.16% Cap Rate Los Angeles, CA 90057

* Please email Brian@TcomApts.com to request the Offering Memorandum (OM)
Total Commercial Inc. is pleased to present the exclusive opportunity to acquire 730 S. Westlake Ave., a premier 18-unit multi-family asset strategically located near Koreatown. Priced at an incredibly competitive $197,222 per unit, this solid, well-built building generates strong and reliable rental income today—even without any major renovations or remodeling.
Built in 1988, the property is entirely exempt from LA City RSO (Rent Control) and is subject only to California State Rent Control (AB 1482). This complete exemption from city-level rent caps creates a phenomenal, definitive value-add opportunity for the next owner. Investors can immediately capitalize on an exceptional 9.64 GRM and a 6.16% CAP Rate. Over half of the resident base has occupied the building for more than 10 years, providing unparalleled tenancy stability. Through professional management and targeted interior remodeling upon future tenant turnovers, a new owner can rapidly maximize the rental upside to full market rates.
The property features a brand-new tankless water heater system and a comprehensive CCTV camera network (installation nearly complete) to minimize maintenance expenses and enhance overall safety. Additional income upside can be easily secured by utilizing the on-site laundry room, which is currently vacant.
Positioned at the epicenter of MacArthur Park’s most significant urban transformation in a generation, the asset stands to benefit immensely from massive public and private investments. These include the $30M+ park revitalization project featuring a $2.5M grant to study permanently uniting the park into a contiguous green space by closing Wilshire Blvd., alongside newly approved city-backed security enhancements. With the newly approved Centro Westlake transit-oriented mega-development right at the Metro station and immediate access to the 10 and 110 freeways, 730 S. Westlake Ave. is the ideal vehicle for investors seeking immediate, protected cash flow paired with explosive equity growth potential.