$1,795,000
( 12.8%+ cap rate at as-is ) and positive cash flow from day one of stabilization. Rare hilltop 6-unit multifamily development opportunity in Westlake with panoramic Downtown LA skyline views. Approved plans, secured permits, and approximately 75% of construction completed — secured entitlements in place with a clear, executable path to stabilization. Priced significantly below completed market value, offering a compelling acquisition basis with substantial built-in equity for the experienced buyer. LAR3 zoning | 7,591 SF lot | 6,780 SF building | Two stories | Five 1-car garages | Separately metered units. Unit mix includes two (3-bedroom 3bth) two 3-bedroom 2 bath) and (2-bedroom-2 bath) configurations designed for the high-demand urban rental market. Stabilized proforma projects strong annual gross rent. Located minutes from DTLA, Koreatown, Echo Park, Silver Lake, MacArthur Park Metro (Purple & Red Lines), the 110 Freeway, LA Live, and the Fashion District. One of LA's most structurally undersupplied rental corridors with strong long-term appreciation fundamentals. Sold AS-IS. Buyer to independently verify all permits, plans, unit configurations, square footage, and development potential.
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Listed by Veronica Valencia with Tauler Hughes California Realty (562) 544-0582
Property Type
Apartment
Status
Active
MLS Number
OC26115568
Year Built
2025
Lot Size
7,593 sq ft