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730 S Westlake Ave
Los Angeles, CA 90057 MacArthur Park

$3,550,000 USD

Apartments For Sale  •  11,489 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,489 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1988
  • Zoning R5-4, Los Angeles
100 Transit Score
90 Walk Score

Highlights

Unmatched Value Pricing: Low price of just $197,222 per unit for a premier investment.
Exempt from LA City RSO: Built in 1988. Free from city rent limits; subject only to CA AB1482.
Definitive Value-Add Upside: High potential for rental and equity growth via future unit renovations.
Proven Current Income: Generates strong and reliable rental income today without any major remodeling.
Phenomenal Financial Metrics: Delivering a strong current 9.64 GRM and 6.16% CAP Rate out of the gate.
Recent Capital Upgrades: Features a brand-new tankless water heater and a near-complete CCTV system.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Laundry Facilities
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 3.4 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 5 min 0.2 mi
AirportDriveWalkDistance
Bob Hope 24 min - 13.7 mi
Los Angeles International 25 min - 14.1 mi
Long Beach (Daugherty Field) 32 min - 22.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Covered
Included in Rent: Yes
Brian Ji 213-387-3456 Total Commercial, Inc.
Brian Ji 213-387-3456 Total Commercial, Inc.