229 S Westlake Avenue Los Angeles, CA $ 1,895,000
229 S Westlake Avenue
$ 1,895,000
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229 S Westlake Avenue

Los Angeles, CA, 90057
$ 1,895,000
Baths12.0 Sq 6,150

Monthly Estimate*

$ 11,668

Listed by Marcus & Millichap
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 1
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 2
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 3
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 4
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 5
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 6
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 7
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 8
229 S Westlake Avenue, Los Angeles, CA 90057 - Image 9
Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,895,000 with 12 full baths. This 6,150 square foot home was built in 1926 on a lot size of 0.1436.

We are pleased to present a twelve (12) unit apartment building located at 229 S Westlake Ave in Los Angeles, California. The subject property is located in a good Echo Park-adjacent location, just south of Beverly Blvd and east of Alvarado St. Located in a strong Echo Park-adjacent location, the property features a streamlined unit mix of twelve (12) studio units and classic Spanish-style architecture. Recent capital improvements include a new sewer line, upgraded electrical systems, and upgraded copper lateral plumbing lines. The property is separately metered for gas and electricity and includes an on-site laundry facility. A rear courtyard and basement present potential ADU conversion opportunities for additional rental upside (buyer to verify). The property benefits from immediate access to the 101 and 110 Freeways, the Metro B Line at Westlake/MacArthur Park Station, and major commercial corridors including Beverly Blvd, Alvarado St, Temple St, and 3rd St. Nearby amenities include Echo Park Lake, Vista Hermosa Park, dining, shopping, and entertainment options. With recent capital improvements, attractive ADU conversion potential, classic Spanish-style architecture, and a solid Echo Park-adjacent location near major transit corridors and neighborhood amenities, the property offers a compelling value-add opportunity in one of Los Angeles' most dynamic rental markets.

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Multi-Family Active

Price

$ 1,895,000

Bedrooms

Studio

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1436

Year Built

1926

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26840491

Days on Market

2

Features
General
Living Area 6150
Zoning LAR3
Year Built 1926
Stories Count 2
Levels Two
Gross Income 208464
County Los Angeles
Net Operating Income 143247
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions South of Beverly Blvd and east of Alvarado St
City Los Angeles
Senior Community Y/N false
Number Of Units Total 12
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 6254
Standard Status Active
Cap Rate 7.56
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Interior
Total Stories 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 0
Total Baths 12
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Exterior
Parking Features None
Total Parking 0
Lot Size Area 6254
Number of Buildings 1
Building Area Total 6150
Lot Size Acres 0.1436
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* Excluded Features
List By
Marcus & Millichap

Broker

jtuvia@marcusmillichap.com

Email

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$11,668
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$11,668
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2026$1,895,000 Listed Price

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229 S Westlake Avenue, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $1,895,000 with 6,150 sqft and a lot size of 0.1436. 229 S Westlake Avenue is a studio with 12.0 baths and was built in 1926. The property's zip code is 90057 which is in Los Angeles, CA