For Sale / CA / Los Angeles County / Los Angeles / 90057 / 725 S Westlake Ave

725 S Westlake Ave Los Angeles, CA 90057

  • For Sale $19,500,000

  1. 0 full, 0 partial baths
The Olympic is a 172-unit apartment complex/hotel situated in the redeveloping Westlake district of Los Angeles, just west of downtown. The Olympic will be delivered with a minimum of 110 units vacant at the close of escrow. The property is steps away from Wilshire Boulevard, Alvarado Street, MacArthur Park, and the Metro Station. The Olympic was built in 1925 and is a four-story complex constructed of reinforced brick with two large basements and a massive lobby. All units are efficiencies and have private bathrooms and a closet but no kitchen. No units share bathrooms. The certificate of occupancy from 1926 states the property is a "four-story, Class C, 172 Rooms, Hotel". As the property was originally a hotel, all utilities are master-metered. The property is serviced by four staircases and an elevator in a central hallway configuration with a courtyard between the u-shaped structure.
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Property details

Bathrooms
0 full, 0 partial
Lot size
Year built
1925
Type
Multi Family
Parking spaces
Garage (0), Carport (0), Uncovered (0)

Listing information

MLS #
20566264
Listed by
Brent Sprenkle, Berkadia

MLS details

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This information is provided by Combined LA Westside MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2020 Combined LA Westside MLS. All rights reserved.


Location

Neighborhood
Westlake
Subdivision
C42 - Downtown L.A.
County
Los Angeles County
725 S Westlake Ave, Los Angeles, CA 90057

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