Price Reduced Listing
$1,599,999
 $8,589 est/mo Sourced by Back At You

1016 S Westlake Avenue,Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property's accessibility.

Details

MLS #26998473
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site20
Listing Provided ByLyra Residential Inc. | Kyle Buckley

Features

Bed(s)16
Bath(s)8
SQ Feet5,492
Story(s)2
Units8
Building(s)1
ZoningLAR3
Acreage0.17

Interior

HeatingWall Furnace
Heating Yes / NoYes
Interior FeaturesCeiling Fans
AppliancesDishwasher, Dryer

Parking

Parking FeaturesAssigned

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC42 Downtown L.A.
Listing VS Median (in 90006)
Price:
$1,599,999
low | high
Med:
$840,000
97.499967187479% of Average
sqft:
5,492
low | high
Med:
2,710
100% of Average
$ / sqft:
$291
low | high
Med:
$318
40.916650747098% of Average
On site:
20
low | high
Med:
35.5
56.338028169014% of Average
Sourced by Back At You

Market Activity 90006

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Additional Information

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC42 Downtown L.A.
Listing VS Median (in 90006)
Price:
$1,599,999
low | high
Med:
$840,000
97.499967187479% of Average
sqft:
5,492
low | high
Med:
2,710
100% of Average
$ / sqft:
$291
low | high
Med:
$318
40.916650747098% of Average
On site:
20
low | high
Med:
35.5
56.338028169014% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.199M - $1.999M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
1840 W 11th Place Property Photo 1
$1,450,000
1840 W 11th Place
Los Angeles, CA 90006
Listing Updated: October 22, 2026 at 1:15:56 PM PDT

Benjamin Leaskou - Desert Lifestyle Properties