229 South Westlake Avenue is a well-maintained Twelve (12) Unit, 1920s architectural building located in the heart of the North Westlake / Historic Filipinotown community and within a short distance of Silver Lake and Echo Park. 229 South Westlake Avenue is ideally located with immediate access to the neighboring communities of DTLA/Financial District (1.4 miles), Echo Park (1 mile), and Silver Lake (1 mile), which provides ample employment opportunities and world-class entertainment venues. The Walk Score is 94, deemed "Very Walkable." 229 South Westlake Avenue, built in 1926, consists of 6,150 SF of improvements on a 6,272 square-foot parcel and a unit composition of Twelve (12) spacious apartments. Each unit features generously sized main rooms, full kitchens with dining spaces, and full baths with much of the original 1920s character restored. The building amenities include a gated and controlled access entry, street parking, common area laundry, and a massive rear yard for tenant enjoyment. The offering offers investors a unique opportunity to acquire an easy-to-operate cash-flow property with meaningful long-term rent appreciation. The offering provides significant long-term rental upside since the average rent for a studio apartment in Los Angeles in May 2023 was $1,997 per RentoMeter's statistics and trends report.
Property Details
Property Features
Property Information:
Year Built: 1926
Stories: 2
Living Area: 6,150 SqFt
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.14 Acres
School Info
Assigned Schools Information:
Belmont Senior High School, Public District Grades 9-12
Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
Contreras Learning Center-School of Social Justice, Public District Grades 9-12
Sal Castro Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Union Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Excellent location in Westlake North / Historic Filipino Town
Price Information
Listing Price Info
Price Summary:
List Price: $2,150,000
Price Per SqFt: $350/SqFt
Tax Information:
Annual Amount: $12,403
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.1M more than the Median Sold Price and $278/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: #24355605
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
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: 4/29/2024, 11:25:21 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
Sep 25, 2007
Sep 25, 2007Home Sold
$790,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,403
$960,266
2020
$12,054
$948,818
2019
$11,969
$930,215
2018
$11,684
$911,977
2017
$11,684
$894,096
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.
Elementary School
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.53 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.07 miles
Public Magnet Grades 1-5
Middle School
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.39 miles
Public District Grades 6-8
High School
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.69 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.69 miles
Public District Grades 9-12
Assigned Schools
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.53 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.07 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.39 miles
Public District Grades 6-8
Nearby Schools
6
/10
Camino Nuevo Charter Academy
635 S Burlington Ave
Distance between this listing and this school0.51 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.69 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $20,649. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 229 S Westlake Ave
What is the listing price of this property?
The listing price of 229 S Westlake Ave property is $2,150,000.
What type of property is this?
The property 229 S Westlake Ave is a house located in Los Angeles, California, 90057.
Is this property for sale now?
Active Listing: 229 S Westlake Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 229 S Westlake Ave are: Union Avenue Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Sal Castro Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Belmont Senior High School: GreatSchools Rating 2/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,403 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 25, 2007 for $790,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 229 S Westlake Ave has 12 bathrooms..
What is the square footage of this property?
The property 229 S Westlake Ave is 6,150 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 229 S Westlake Ave is 1926.
This home is located at 229 S Westlake Ave in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 6,150 square foot home, which was built in 1926, sits on a 0.14 acre lot. Features: 12 bathrooms. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $2,150,000.
While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.
From Rocket Homes Real Estate and based on county public records data.