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( 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.
Property Type(s):
Residential Income
| Last Updated | 5/28/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | Garage Spaces | 5.0 |
| County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| GARAGE | Yes |
| LOT | 7593 sq ft |
| LOT DIMENSIONS | 7594 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Tauler Hughes California Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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