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730 S Westlake Ave, Los Angeles, CA 90057
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730 S Westlake Ave Los Angeles, CA 90057

$4,088,888
  • 14 Beds
  • 18 Baths
  • 11,489 Sq.Ft.
For Sale
$4,088,888 Get Pre-Qualified
Map preview of 730 S Westlake Ave, Los Angeles, CA 90057

Property Overview: 730 S Westlake Ave Los Angeles, CA has 14 bedrooms, 18 bathrooms, 11,489 living square feet and 7,492 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1988 Construction and EXEMPT from LA RSO rent control. Delivered at a 5.38% cap rate and 11.88 GRM and only $227k/unit which is incredible for a 1980s asset. 730 S Westlake Ave, Los Angeles is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. Priced at only $227k/unit! The subject property is comprised of (14) 1-Bed/1-Bath and (4) Studio/1-Bath units. The building features copper plumbing, 27 private parking spaces and a laundry room on site. 730 S Westlake Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
7,492
HOA Dues
$0/mo
Year built
1988
Garage
27 Car
Property Type:
Apartment
Status
Active
MLS#
SB24182648
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Electric Meters: 18
  • # of Gas Meters: 18
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $20,555
  • Total Rent: $20,555
  • Pro Forma/Market Rent: $29,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $5,391
  • Total Rent: $5,391
  • Pro Forma/Market Rent: $6,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.38%
  • Gross Rent Multiplier: 11.88
  • Gross Scheduled Income: $344,052
  • Net Operating Income: $219,928
  • Gross Operating Income: --
  • Vacancy Allowance: $10,322
Annual Expense Breakdown
  • Total Operating Expense: $113,802
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 730 S Westlake Ave

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Property Details for 730 S Westlake Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 27
  • # of Parking Spaces: 27
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 5142003005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Alvarado and Wilshire Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 730 S Westlake Ave

Last sold for $1,290,000 on May 2nd, 2008

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: SB24182648

    $4,088,888

    Price

  • May, 2008

  • May 2, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,290,000

    Price

  • March, 2006

  • Mar 10, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 730 S Westlake Ave

Assessed Value (2020): $3,603,134
Year Land Value Improved Value Assessed Value
2020 $1,801,567 $1,801,567 $3,603,134

Home Value Compared to the Market

This property vs the competition

730 S Westlake Ave is listed 240.74% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $355.9 per/sqft which puts the price per square foot 53.66% lower than the median price per square foot for the city of Los Angeles.

About 730 S Westlake Ave

Detailed summary of property

730 S Westlake Ave is a apartment located in Los Angeles, CA 90057 and is currently for sale. This apartment offers 14 bedrooms, 18 bathrooms, roughly 11,489 living square feet, and sits on an approximately 7,492 square foot lot. 730 S Westlake Ave was first listed on ArdentRealEstateGroup.com on September 3, 2024. The homeowner is currently asking $4,088,888. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 240.74% higher than the median priced home. Local competing homes currently for sale include 3148 James M Wood Blvd, 843 S Ardmore Ave and 2666 Orchard Ave. While the average home in Los Angeles, CA is selling in 106 days, 730 S Westlake Ave has a days on market of 13 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 730 S Westlake Ave Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 730 S Westlake Ave

Public county record property details
Beds
13
Baths
17
Year built
1988
Sq. Ft.
11,489
Lot Size
7,489
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5142-003-005

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$900,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
16
Median Sale to List Price %
90.91%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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