120 N Westlake Avenue, Los Angeles, CA 90026

About this duplex

Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake – Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,325,000

Sold October 2023 · listed $1,400,000, on market May 2023 · MLS #SR23094193 · Source: CRMLS

Listing Agent: Khanjani Realty Group · Listing Office: Sync Brokerage · Contact: 818-723-9071 · Bought with: Chris Limon · Century 21 A Better Service

$1,325,000

Sold October 2023 · listed $1,400,000, on market May 2023 · MLS #SR23094159 · Source: CRMLS

Listing Agent: Khanjani Realty Group · Listing Office: Sync Brokerage · Contact: 818-723-9071 · Bought with: Chris Limon · Century 21 A Better Service

$1,325,000

Sold October 2023 · listed $1,400,000, on market May 2023 · MLS #SR23094247 · Source: CRMLS

Listing Agent: Khanjani Realty Group · Listing Office: Sync Brokerage · Contact: 818-723-9071 · Bought with: Chris Limon · Century 21 A Better Service

$950,000

Sold January 2022 · on market January 2022 · MLS #DW22002467 · Source: CRMLS

Listing Agent: Daniel Hernandez · Listing Office: Excellence RE Real Estate · Contact: 562-448-5006 · Bought with: Joseph Fierro · Keller Williams Pacific Estate-La Mirada

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