1032 S Westlake Avenue, Los Angeles, CA 90006
- $1,000,000
- List Price
- $1,000,000
- Price Change
- ▼ $100,000 1781842514
- Status
- ACTIVE
- MLS#
- P1-26606
- Year Built
- 1902
- Lot Size
- 7,502
- Acres
- 0.17
- Lot Location
- Sprinklers None
- Days on Market
- 112
- Property Type
- Single Family Residential
- Style
- Bungalow
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
- Neighborhood
- Not Applicable
Property Description
Exceptional investment opportunity in a prime Koreatown / Westlake location. The process to convert the home into a duplex plus back unit began in 2019. 1032 S Westlake Ave offers versatile multi-unit potential with strong income potential. The property is zoned LAR3 with Transient Lodging use and is located within an R3-1-HPOZ Historic Preservation Overlay Zone, presenting redevelopment and value-add possibilities. Located just blocks from the Westlake/MacArthur Park station, the surrounding neighborhood offers proximity to popular destinations including USC and Loyola Law School, Crypto Arena and Downtown LA, providing convenient access to major employment hubs throughout Los Angeles near Koreatown. There is ample parking for 7 cars with convenient alley access. With strong potential income, multi unit configuration possibilities, and redevelopment upside, this offering presents a compelling opportunity for investors seeking a centrally located asset, especially with the highly anticipated upcoming sports events of 2028.See floor plan reflecting the following: Upstairs: 3 Bedrooms / 2 Bathrooms Bottom: 2 Bedrooms / 1 Bathroom plus separate 1 bedroom with 1 bathroom Rear: 1 Bedroom / 2 Bathrooms. Per the Special Administrator, permits were initiated to add rooms and convert the home into multi units. Home was previously in the process of being remodeled.
Additional Information
- Appliances
- Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Vinyl Siding
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, High Ceilings, Walk-In Pantry, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Esther Clauson (esther@estherclausonrealestate.com) from Listing Office: Keller Williams Los Angeles.
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