$ 1,100,000
-
$1,100,000
Price -
6
Bed -
4
Bath -
3,736
SqFt
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About the Listing P11853 - P22310
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.
Listing Highlights
Status
Active
Days on Site
41
Property Type
Multi-Family
MLS ®
P1-26606
Year Built
1902
Total Square Footage
3,736
Lot/Acreage
0.17
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Granite Counters,High Ceilings,Walk-In Pantry,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Zoning: LAR3
- Roof: Composition
- Others: Vinyl Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5136011005
- Tax Year: N/A
Payment Calculator
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Questions About..
1032 S Westlake Ave Los Angeles, CA 90006
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