$1,895,000
229 S Westlake Avenue, Los Angeles CA 90057
Multi-Family (12 Units)
Property type
7 days
On market
$308
Price per sqft
N/A
Garage
1926
Year built
6,254 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Jason Tuvia DRE #01772495 818-212-2735, Marcus & Millichap
Listing updated: May 29, 2026 at 09:44pm.
Last checked: Jun 2, 2026 at 01:30pm
Source: CRMLS #26840491
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 0 | 1 | — | $1,448 | $17,372 | $19,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 12
Financial Snapshot
Gross Rent Multiplier
9.1x
List Price / Annual Gross Rent
Cap Rate
7.56%
NOI / List Price
Net Operating Income: $143,247
Exterior
Stories Total: 0
Levels: Two
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5154005003
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 229 S Westlake Avenue, Los Angeles, CA 90057. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,516,000
Total Interest
$1,933,574
Total Payment
$3,449,574
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,706
per month
Property History for 229 S Westlake Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90057.
Similar Homes
Listings with similar prices to 229 S Westlake Avenue