StatusAccepting Backup Offers (Active Under Contract)
About 816 S Westlake Ave
Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 816 South Westlake Avenue, an 18-unit apartment community. 816 South Westlake is located south of 8th Street and east of Hoover Street, in the Westlake submarket of Los Angeles. Situated on a 7,502 square foot parcel, the property is comprised of six one-bedroom units and 12 two-bedroom units. Due to its 1990 construction, 816 South Westlake Avenue is not subject to Los Angeles City Rent Control and is subject to AB 1482 State Rent Control allowing for higher annual rental increases. The property has subterranean parking with security gated access and an elevator on-site. 816 South Westlake Avenue in close proximity to multiple venues for the 2028 Summer Olympics in Los Angeles. The property is located a short distance from venues in the "Downtown Sports Park" Including the LA Memorial Coliseum, Crypto.com Arena, BMO Stadium & more, which bode well for the long-term prospects of this neighborhood. 816 South Westlake Avenue presents investor a unique opportunity to attain a 1990's constructed asset in a dense infill Westlake location with in-place yield.
Property Details
Property Features
Property Information:
Year Built: 1990
Stories: 3
Living Area: 15,068 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 30
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Other
Directions Information:
Directions: East of South Alvarado Street and South of West 8th Street
Price Information
Listing Price Info
Price Summary:
List Price: $5,150,000
Price Per SqFt: $342/SqFt
Tax Information:
Annual Amount: $30,342
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $4.1M more than the Median Sold Price and $299/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24432381
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 02, 1988
Dec 02, 1988Home Sold
$150,000
Dec 02, 1988
Dec 02, 1988Home Sold
$150,000
Apr 18, 1988
Apr 18, 1988Home Sold
$145,000
Apr 18, 1988
Apr 18, 1988Home Sold
$186,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$30,342
$2,430,355
2020
$29,527
$2,405,435
2019
$29,379
$2,358,271
2018
$28,716
$2,312,031
2017
$28,716
$2,266,698
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Esperanza Elementary
680 Little St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
4
/10
MacArthur Park Elementary School
2300 W 7th St
Distance between this listing and this school0.30 miles
Public District Grades KG-5
7
/10
Equitas Academy #3 Charter
1050 Beacon Ave
Distance between this listing and this school0.37 miles
Public Charter Grades KG-4
Nearby Schools
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.22 miles
Public Charter Grades KG-8
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.42 miles
Public District Grades 6-8
6
/10
Equitas Academy 4
631 S Commonwealth Ave
Distance between this listing and this school0.46 miles
Public Charter Grades 5-8
Nearby Schools
6
/10
University Preparatory Value High School
1929 W Pico Blvd
Distance between this listing and this school0.53 miles
Public Charter Grades 9-12
2
/10
Harold Mcalister High (Opportunity)
611 S Carondelet St
Distance between this listing and this school0.56 miles
Public District Grades 6-12
9
/10
Rise Kohyang High School
600 S La Fayette Park Pl Fl 3
Distance between this listing and this school0.68 miles
The neighbors living near this home have an average income of $31,753. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 816 S Westlake Ave
What is the listing price of this property?
The listing price of 816 S Westlake Ave property is $5,150,000.
What type of property is this?
The property 816 S Westlake Ave is a house located in Los Angeles, California, 90057.
Is this property for sale now?
Accepting Backup Offers: 816 S Westlake Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $30,342 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 2, 1988 for $150,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 816 S Westlake Ave has 30 bedrooms and 30 bathrooms.
What is the square footage of this property?
The property 816 S Westlake Ave is 15,068 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 816 S Westlake Ave is 1990.
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This home is located at 816 S Westlake Ave in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 15,068 square foot home, which was built in 1990, sits on a 0.17 acre lot. Features: 30 bedrooms, 30 bathrooms. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $5,150,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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