Westlake.
STATS AS OF SEPTEMBER 2026
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 |
|---|---|---|---|---|
| 2020 | 7 | $2,199,998 | $339,999 | $429 |
| 2021 | 26 | $4,222,262 | $189,091 | $267 |
| 2022 | 34 | $2,009,999 | $243,750 | $310 |
| 2023 | 20 | $1,812,500 | $251,250 | $269 |
| 2024 | 30 | $1,611,930 | $275,000 | $332 |
~740 MULTIFAMILY BUILDINGS · 15,235 UNITS · 79% BUILT BEFORE 1979 (RSO-ERA)
DATA AS OF SEPTEMBER 25, 2026
Coverage: the most recent recorded transfer per parcel over roughly the last five years, limited to sales that reset the Proposition 13 base year and to parcels assessed at $100,000 or more, so a building that traded more than once appears once, and earlier sales are not shown. 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
Coverage: the most recent recorded transfer per parcel over roughly the last five years, limited to sales that reset the Proposition 13 base year and to parcels assessed at $100,000 or more, so a building that traded more than once appears once, and earlier sales are not shown. 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 →What is the average price per unit for Westlake apartment buildings?
As of September 2026, apartment buildings in Westlake sell for an average of $313,420 per unit (about $382 per square foot), based on closed comps, not asking prices.
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://www.shayarealestate.com/valuation.
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