Westlake.
Westlake is one of the densest rental submarkets in Los Angeles — prewar walk-ups and mid-rise apartment stock west of Downtown, almost entirely covered by the city's Rent Stabilization Ordinance. Pricing here trades on in-place income and unit turnover math, with some of the lowest per-unit entry prices in the urban core.
Investors buy Westlake for the demand side: Section 8 and workforce-housing tenants, with Downtown and Koreatown employment within walking distance. The longer-horizon bet is reinvestment around MacArthur Park.
Recorded sales by year
| YEAR | SALES | MEDIAN PRICE | MEDIAN $/UNIT | MEDIAN $/SF |
|---|---|---|---|---|
| 2021 | 26 | $3,049,998 | $215,625 | $307 |
| 2022 | 27 | $1,999,999 | $249,375 | $298 |
| 2023 | 28 | $2,780,000 | $212,875 | $288 |
| 2024 | 21 | $1,570,000 | $261,667 | $292 |
| 2025 | 14 | $1,926,930 | $275,000 | $424 |
~738 MULTIFAMILY BUILDINGS · 15,201 UNITS · 79% BUILT BEFORE 1979 (RSO-ERA)
DATA AS OF AUGUST 10, 2026
Sale prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
Latest Westlake trades
Sale prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
ALL RECORDED SALES →Who sells apartment buildings in Westlake?
Shaya Lowenstein (Lyon Stahl Investment Real Estate, CA DRE #01942326) brokers multifamily and land in Westlake and across Los Angeles, publishing full rent rolls and financials on every listing. Free 48-hour valuations at https://shaya-test-1.vercel.app/valuation.
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