$3,550,000

730 Westlake Avenue

Los Angeles, CA 90057

Active

Beds

Baths

11,489

Sq. Ft.

1988

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

An incredible investment opportunity priced at only $197,222/Unit. Built in 1988, this solid 18-unit building is entirely exempt from LA City RSO (No RSO, under CA AB1482 only), allowing investors to rapidly capture massive rental upside with a strong 9.64 GRM and 6.16% CAP Rate. The property features a desirable unit mix of 14 one-bedroom units and 4 studios and boasts significant upgrades including a brand-new tankless water heater system and a new CCTV camera system. The building offers tremendous value-add potential through strategic unit remodeling upon future turnover and extra income potential by reopening the unused on-site laundry room. Enjoy an exceptionally stable tenant base with over half of the residents staying for more than 10 years. Strategically located near Koreatown, the property sits at the epicenter of MacArthur Park's massive urban transformation. The park is undergoing a historic $30M+ revitalization, including a $2.5M grant project studying the permanent closure of Wilshire Blvd to unite the park into one massive green space, alongside major city-backed security enhancements and nightly closures for safety. Located near the approved Centro Westlake transit development with immediate access to the 10 and 110 freeways, this is perfect for investors seeking immediate, steady cash flow paired with explosive growth potential.

Listed by Sang (Brian) Ji · DRE #01443223 · Total Commercial, Inc.

MLS #1174695593

ListedJun 15, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units18

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingNatural Gas

FireplaceN/A

LaundryN/A

Parking FeaturesUnderground

Parking Total18

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.17 ac

Lot FeaturesN/A

ViewN/A

DirectionsFrom the 110 Freeway, exit on 8th Street, head west, turn right onto S. Westlake Ave, and the property will be on your right between Wilshire Blvd and 8th St.

Community

AreaC42 - Downtown L.A.

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$18,895/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 10:45 PM

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