229 S Westlake Ave, Los Angeles, CA, 90057
About This Home
We are pleased to present a twelve (12) unit apartment building located at 229 S Westlake Ave in Los Angeles, California. The subject property is located in a good Echo Park-adjacent location, just south of Beverly Blvd and east of Alvarado St. Located in a strong Echo Park-adjacent location, the property features a streamlined unit mix of twelve (12) studio units and classic Spanish-style architecture. Recent capital improvements include a new sewer line, upgraded electrical systems, and upgraded copper lateral plumbing lines. The property is separately metered for gas and electricity and includes an on-site laundry facility. A rear courtyard and basement present potential ADU conversion opportunities for additional rental upside (buyer to verify). The property benefits from immediate access to the 101 and 110 Freeways, the Metro B Line at Westlake/MacArthur Park Station, and major commercial corridors including Beverly Blvd, Alvarado St, Temple St, and 3rd St. Nearby amenities include Echo Park Lake, Vista Hermosa Park, dining, shopping, and entertainment options. With recent capital improvements, attractive ADU conversion potential, classic Spanish-style architecture, and a solid Echo Park-adjacent location near major transit corridors and neighborhood amenities, the property offers a compelling value-add opportunity in one of Los Angeles' most dynamic rental markets.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1926
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bathrooms: 12
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 6,150
- Total interior livable area: 6,150 sqft
Property
Details
- Parcel number: 5154005003
- Zoning: LAR3
- Special condition: Standard
- Other equipment: Other
Features
- Levels: Two
Lot
- Lot size: 6,255 sqft
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,848 | $106,176 |
| Home Insurance * | $251 | $3,012 |
| Property Taxes | $977 | $11,724 |
| Electricity | $1,318 | $15,825 |
| Total | $11,394 | $136,728 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Price change | $1,750,000 |
| 2026-06-25 | Listed for sale | $1,895,000 |
| 2026-06-11 | Contingent | $1,895,000 |
| 2026-05-29 | Listed for sale | $1,895,000 |
| 2024-11-23 | Listing removed | $1,535 |
| 2024-11-17 | Price change | $1,535 |
| 2024-11-01 | Listed for rent | $1,585 |
| 2024-06-11 | Listing removed | -- |
| 2024-02-06 | Listed for sale | $2,150,000 |
| 2023-07-08 | Listing removed | -- |
| 2023-07-03 | Price change | $1,495 |
| 2023-06-26 | Listed for rent | $1,525 |
| 2023-01-01 | Listing removed | -- |
| 2022-12-09 | Listed for rent | $1,495 |
| 2021-03-24 | Listing removed | -- |
| 2018-01-09 | Listing removed | $1,325 |
| 2018-01-02 | Listed for rent | $1,325 |
| 2017-11-19 | Listing removed | $1,325 |
| 2017-10-09 | Price change | $1,295 |
| 2017-09-06 | Listed for rent | $1,325 |
| 2017-05-05 | Listing removed | $1,325 |
| 2017-04-19 | Listed for rent | $1,325 |
| 2013-08-02 | Listing removed | $825 |
| 2013-07-09 | Listed for rent | $825 |
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