$800,000
FOR SALEActive1324 S Westlake Avenue
Los Angeles CA 90006
4,232
SF
Multi-Family
Type
1903
Built
$189/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Discover an exceptional investment opportunity in a prime Los Angeles location! The property includes HPOZ and LADBS-approved renovation plans, which include upgrades to plumbing, electrical systems as needed, and roofing, as well as renovations of the bathrooms, kitchen, flooring, and interior paint throughout. This historic Craftsman property offers multiple private rooms and five bathrooms, creating a unique residential income opportunity in the heart of the Westlake/Pico-Union area. Located minutes from USC, Downtown Los Angeles, Crypto.com Arena, and Koreatown, the property is well positioned for shared housing, workforce housing, student housing, co-living, or long-term residential occupancy. The home also features an oversized formal living room and dining room with original historic architecture and high ceilings. Additional features include central heating, on-site gated parking area, and a secured perimeter fence. With RD1.5-1-HPOZ zoning, the property presents a unique value-add opportunity for investors. Buyers should verify all permitted uses, zoning, permits, and development potential with the appropriate governmental agencies. This property is ideal for investors seeking immediate value-add potential, long-term appreciation, and multiple residential income strategies.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
0.199 acres
Lot Size
1
Total Units
4,232 SF
Square Footage
$189.04/SF
Price per SF
1,903
Year Built
2
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
$0
NOI
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CRMLS
MLS# GD26008179
Listed:
Nalren refreshed:
Last updated
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Listed by: JohnHart Real Estate
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.