717 S Westlake Avenue is a 40-unit investment opportunity in Westlake, a densely populated rental submarket known for excellent rent growth and low vacancy rates. 717 S Westlake Avenue comprises Seven (7) One-Bedroom / One-Bathroom units and Thirty-Three (33) Studio apartments. The C of O from 1987 states that a portion of the basement was converted to housekeeping units and one efficiency dwelling unit. The property is in the rapidly gentrifying Westlake neighborhood, just west of Downtown Los Angeles and close to Koreatown and Echo Park. It is steps away from Wilshire Boulevard, Alvarado Street, MacArthur Park, and the metro station. 717 S Westlake Avenue is separately metered for gas and master metered for electricity. Consequently, in 2024 rents were eligible for rental increases of 5% (4% authorized in 2024 plus 1% for the electrical metering). Additionally, potentiality exists to create new revenue streams with the implementation of a RUBs system, and common area laundry.