Multifamily Property for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90057

Description

Marcus & Millichap are pleased to present the opportunity to acquire 136 S Westlake Ave, an 18-unit investment opportunity located in the vibrant 90057 zip code of Los Angeles. Investment Highlights: • Value-Add Opportunity Through Operational Improvements: Investors may enhance returns through improved management efficiencies, expense optimization, and targeted capital improvements. • The property consists of eighteen (18) units featuring a mix of singles, studios, bachelor, and one-bedroom units, appealing to a broad tenant demographic within a dense rental submarket. • In-place rents remain below prevailing market levels, presenting upside through natural turnover, interior improvements, and rent realignment consistent with comparable properties in the area. • Well-Located Westlake Asset Near Downtown Los Angeles: Situated just minutes from DTLA and within close proximity to the Westlake / MacArthur Park Metro Station, providing convenient access to Downtown Los Angeles, Koreatown, Echo Park, and surrounding employment centers.

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 3.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Los Angeles, CA — <a href="/search/sale/multifamily/california/los-angeles">view the full market</a>.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: Consensus Q1 2026 market report.

Its 3.8% asking cap rate is below the Greater Los Angeles multifamily market average of about 5.0%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per Consensus.

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