1032 S Westlake Avenue, Los Angeles, CA 90006
- $1,000,000
Listing courtesy of Listing Agent: Esther Clauson (esther@estherclausonrealestate.com) from Listing Office: Keller Williams Los Angeles.
- List Price
- $1,000,000
- Status
- ACTIVE
- Days on Market
- 154
- Price Change
- ▼ $100,000 1781842514
- MLS#
- P1-26606
- Subtype
- Residential Income
- Style
- Bungalow
- Year Built
- 1902
- Lot Size
- 7,502
- Acres
- 0.17
- Subdivision
- Not Applicable
- Neighborhood
- Not Applicable
- MLS Area Major
- Downtown L.A. (C42)
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.
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Additional Information
- Interior Features
- Granite Counters, High Ceilings, Walk-In Pantry, Walk-In Closet(s)
- Property Description
- Bungalow
- Zoning
- LAR3
- Flooring
- Laminate
- Appliances
- Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
- Heating
- None
- Air Conditioning
- Yes
- Exterior Construction
- Vinyl Siding
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition
- Pool Type
- None
- Parking Features
- Concrete
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.