An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property’s accessibility.
Property Details
Price:
$1,599,999
MLS #:
26998473
Status:
Active
Beds:
16
Baths:
8
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Oct 7, 2026
Finished Sq Ft:
5,492
Total Sq Ft:
5,492
Lot Size:
7,503 sqft / 0.17 acres (approx)
Year Built:
1960
See this Listing
Schools
Interior
Appliances
Dishwasher
Flooring
Wood
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Laundry Features
Dryer Included
Levels
Two
Exterior
Parking Features
Assigned
Parking Spots
5
Parking Total
5
Financial
Map
Community
- Address1016 S Westlake AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 27003
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Bungalow Land
- Canyon Shores
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Downtown
- Elysian Valley
- Floristan Hts
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Lago Vista
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Picfair Village
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Walter’s Moneta Ave and Figueroa St Tract
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 03, 2026
5,359
Single Family Listed
98
Avg DOM
525
Avg $ / SqFt
$1,978,313
Avg List Price
Property Summary
- 1016 S Westlake AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90006. It is listed for $1,599,999 and features 16 beds, 8 baths, and has approximately 5,492 square feet of living space, and was originally constructed in 1960. The current price per square foot is $291. The average price per square foot for Single Family listings in Los Angeles is $525. The average listing price for Single Family in Los Angeles is $1,978,313.
Similar Listings Nearby
Courtesy of Lyra Residential Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1016 S Westlake AV
Los Angeles, CA