1032 S Westlake Avenue,Los Angeles, CA 90006
Los Angeles, CA 90006
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.
Details
| MLS # | P1-26606 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 146 |
| Listing Provided By | Keller Williams Los Angeles | Esther Clauson |
Features
| SQ Feet | 3,736 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Interior Features | Granite Counters, High Ceilings, Walk In Pantry, Walk In Closets |
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Vinyl Siding |
| Lot Features | Sprinklers None |
| Fencing | Chain Link |
Parking
| Parking Features | Concrete |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property |
| Sewer | Public Sewer |
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C42 Downtown L.A. |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,000,000 low | high Med: $10,000 sqft: 3,736 low | high Med: 3,089 $ / sqft: $268 low | high Med: $3 On site: 146 low | high Med: 32 | |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C42 Downtown L.A. |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,000,000 low | high Med: $10,000 sqft: 3,736 low | high Med: 3,089 $ / sqft: $268 low | high Med: $3 On site: 146 low | high Med: 32 | |
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