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For SaleLuxury

$1,599,999

5,492 sqft$291/sqft32 days on market

1016 S Westlake Avenue

Los Angeles, CA 90006

· 8% down, 7% APR, 30yr fixed

16

Beds

8

Baths

5,492

Square feet

1960

Built

Listing narrative

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.

Listing agent (MLS): Kyle Buckley · Listing brokerage (MLS): Lyra Residential Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,599,999

Beds

16 bd

Type

House

Home Size

5,492 sqft

Baths

8

Lot Size

0.17 acres

Year

1960

Status

For Sale

Days on Market

32

$ / Sqft

$291

· 8% down, 7% APR, 30yr fixed
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Courtesy of Lyra Residential Inc.