1116 S Westmoreland Ave Los Angeles, CA 90006

$--

8 Beds
8 Baths
7,638 Sq.Ft.

Off Market

Map preview of 1116 S Westmoreland Ave, Los Angeles, CA 90006

Property Overview: 1116 S Westmoreland Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 7,638 living square feet and 9,757 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1116 S Westmoreland Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $63,700. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 1116 S Westmoreland Ave

Last sold on November 14th, 2013

June, 2021
Jun 2, 2021

Date

Active

CRMLS: 21741990

$3,500,000

Price
Listing provided courtesy of CRMLS

Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.

Continue Reading
July, 2020
Jul 23, 2020

Date

Expired

CRMLS: 20573100

$5,250,000

Price
Apr 23, 2020

Date

Active

CRMLS: 20573100

$5,250,000

Price
Listing provided courtesy of CRMLS

1116-1122 S. Westmoreland Double Lot with Alley access. The project is located in a Qualified Opportunity Zone with outstanding potential Tax Benefits (consult with accountant). The plan consists of 87 residential units located on the very attractive street of S. Westmoreland Avenue. The beneficial unit mix consists of 9: 2 Bed + 2 Bath, 70: 1 Bed + 1 Bath and 8 Studios + 1 Bath units. The property has the advantages of an alley along with 100 feet of frontage on Westmoreland and located one block south of Olympic Blvd. right in the heart of Koreatown. The project includes Rooftop Open Space and only 1 level of Basement parking. The property has a great walk score of 90 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. The owner is currently going thorough entitlements and can possibly deliver the with Ready to Issue Permits (RTI). The property can also be delivered vacant.

Continue Reading
November, 2013
Nov 14, 2013

Date

Sold (Public Records)

Public Records

--

Price
October, 2013
Oct 25, 2013

Date

Sold (Public Records)

Public Records

$1,125,000

Price

Tax History for 1116 S Westmoreland Ave

Assessed Value (2020): $1,261,150

Year	Land Value	Improved Value	Assessed Value
2020	$896,713	$364,437	$1,261,150

About 1116 S Westmoreland Ave

Detailed summary of property

1116 S Westmoreland Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and is currently off market. This property has 8 bedrooms, 8 bathrooms, roughly 7,638 living square feet, and sits on an approximately 9,757 square foot lot. Homes in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Local nearby listings include 1237 S Bonnie Brae St, 1446 Malvern Ave and 1242 S Bonnie Brae St. The average home in Los Angeles, CA is selling in 102 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. If you are the homeowner and looking to sell the home at 1116 S Westmoreland Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1116 S Westmoreland Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1938
Sq. Ft.: 7,638
Lot Size: 9,757
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 44
APN: 5076-011-002

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$590

Median Sold Price

$299,000

Median Sold Price/Sq.Ft.

$650

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote