325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
| MLS # | 26858511 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 52 |
| Listing Provided By | Circa Properties, Inc. | Jenny Park |
| SQ Feet | 8,000 |
|---|---|
| Zoning | LAR4 |
| Acreage | 0.18 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Security Features | Gated Community |
|---|
| Community Features | Gated |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90057 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90057) | |
Price: $2,450,000 low | high Med: $1,893,983 sqft: 8,000 low | high Med: 4,333 $ / sqft: $306 low | high Med: $452 On site: 52 low | high Med: 60.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90057 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90057) | |
Price: $2,450,000 low | high Med: $1,893,983 sqft: 8,000 low | high Med: 4,333 $ / sqft: $306 low | high Med: $452 On site: 52 low | high Med: 60.5 | |