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Westlake Value Add Multi-Family For Sale 2 Multifamily Properties Offered at $2,100,000 in Los Angeles, CA
Investment Highlights
- Two Adjacent Apartment Buildings: 4 Units + 6 Units
- Combined Projected $85,693 NOI with One Vacant Unit — 4.08% Cap Rate
- Zoned LA R5(CW)-U/6
- Investor or Developer Opportunity
- One Block North of 8th Street — Just ½-Mile From LA LIVE
Executive Summary
Two Westlake multi-family properties for sale. Value add investment opportunity. Adjacent 6-unit and 4-unit apartment buildings. Total of 10,743± SF of buildings on 12,484± SF of land. Must be purchased together. Combined projected $85,693 net annual income with one vacant unit — 4.08% cap rate. Great Westlake location one block north of 8th Street between Columbia Ave and Hartford Ave. Situated approximately one-half mile north of LA LIVE and Crypto.com Arena. Just minutes west of Downtown Los Angeles. Future development potential ($168.22 per SF land value).
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$133,871
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$133,871
|
| Taxes |
$26,250
|
| Operating Expenses |
$21,928
|
| Total Expenses |
$48,178
|
| Net Operating Income |
$85,693
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $133,871 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $133,871 |
| Taxes | |
|---|---|
| Annual | $26,250 |
| Operating Expenses | |
|---|---|
| Annual | $21,928 |
| Total Expenses | |
|---|---|
| Annual | $48,178 |
| Net Operating Income | |
|---|---|
| Annual | $85,693 |
Property Facts
| Price | $2,100,000 | Number of Properties | 2 |
| Price / SF | $195.60 / SF | Individually For Sale | 0 |
| Cap Rate | 4.08% | Total Building Size | 10,736 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.29 AC |
| Status | Active |
| Price | $2,100,000 |
| Price / SF | $195.60 / SF |
| Cap Rate | 4.08% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,736 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1306-1310 Linwood Ave, Los Angeles, CA 90017 | Multifamily | 6,240 SF | 1900 | - |
| 1312,1312 1/2 Linwood Ave, Los Angeles, CA 90017 | Multifamily | 4,496 SF | 1921 | - |
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Westlake Value Add Multi-Family For Sale
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