Search
1121 N Westmoreland Ave #1, Los Angeles, CA 90029
Image 2 for 1121 N Westmoreland Ave #1, Los Angeles, CA 90029
Image 3 for 1121 N Westmoreland Ave #1, Los Angeles, CA 90029
View Photos

1121 N Westmoreland Ave #1 Los Angeles, CA 90029

$2,770,000 Sold Price as of 09/07/2021
  • 20 Beds
  • 16 Baths
  • 10,974 Sq.Ft.
Sold
$2,770,000 Sold Price as of 09/07/2021 Refinance Your Mortgage
Map preview of 1121 N Westmoreland Ave #1, Los Angeles, CA 90029

Property Overview: 1121 N Westmoreland Ave #1 Los Angeles, CA has 20 bedrooms, 16 bathrooms, 10,974 living square feet and 11,450 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCED $251,000! Seller motivated. Soft-story retrofits completed. Three buildings on two lots. 1121 is a 4-plex with separate water heaters. 1125 is 7 a seven-unit building, and 1118 Lymar Place is an adjacent 4-plex. All units are separately metered for gas and electric. Good unit mix with one 4-bedroom and 2-bath; five 2-bedroom, 1-bath; six 1-bedroom, 1-bath and three studios. On-site laundry, 20 parking space, pitched roof. Newer hardwood floors and ceramic tile (most units). These two lots sold and three buildings to be sold together. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants or sellers.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Co-listed by KIM SUMAN | BRE #01437996 | Corcoran Group of California Inc.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
11,450
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
EV21079538
City
Los Angeles
County
Los Angeles
Time on Site
1101 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 3
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,255
  • Total Rent: $15,060
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,624
  • Total Rent: $19,488
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,197
  • Total Rent: $26,364
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,996
  • Total Rent: $35,952
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $320,005
  • Net Operating Income: $239,754
  • Gross Operating Income: $310,405
  • Vacancy Allowance: $9,600
Annual Expense Breakdown
  • Total Operating Expense: $70,650
  • Electric: $11,328
  • Gas/Fuel: $0
  • New Taxes: $26,099
  • Trash: $2,903
  • Insurance: $8,553
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1121 N Westmoreland Ave #1

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 5542027024
  • Year Built Source: Public Records
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica, 3 Blocks East of Vermont
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1121 N Westmoreland Ave #1

Last sold for $2,770,000 on September 7th, 2021

  • September, 2021

  • Sep 8, 2021

    Date

    Sold

    CRMLS: EV21079538

    $2,770,000

    Price

  • May 31, 2021

    Date

    Pending

    CRMLS: EV21079538

    $3,999,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: EV21079538

    $3,999,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: EV20178040

    $3,999,000

    Price

  • Feb 13, 2021

    Date

    Price Change

    CRMLS: EV20178040

    $3,999,000

    Price

  • Nov 29, 2020

    Date

    Price Change

    CRMLS: EV20178040

    $4,150,000

    Price

  • Oct 5, 2020

    Date

    Price Change

    CRMLS: EV20178040

    $4,250,000

    Price

  • Aug 31, 2020

    Date

    Active

    CRMLS: EV20178040

    $4,675,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED $251,000! Seller motivated. Soft-story retrofits completed. Three buildings on two lots. 1121 is a 4-plex with separate water heaters. 1125 is 7 a seven-unit building, and 1118 Lymar Place is an adjacent 4-plex. All units are separately metered for gas and electric. Good unit mix with one 4-bedroom and 2-bath; five 2-bedroom, 1-bath; six 1-bedroom, 1-bath and three studios. On-site laundry, 20 parking space, pitched roof. Newer hardwood floors and ceramic tile (most units). These two lots sold and three buildings to be sold together. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants.

  • January, 2005

  • Jan 28, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2003

  • Jan 31, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1121 N Westmoreland Ave #1

Assessed Value (2020): $1,530,278
Year Land Value Improved Value Assessed Value
2020 $892,184 $638,094 $1,530,278

Home Value Compared to the Market

This property vs the competition

1121 N Westmoreland Ave #1 sold on September 7, 2021 for 236.05% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $364.41 per/sqft which puts the price per square foot 51.73% lower than the current median sale per square foot for the city of Los Angeles.

About 1121 N Westmoreland Ave #1

Detailed summary of property

1121 N Westmoreland Ave #1 is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 20 bedrooms, 16 bathrooms, roughly 10,974 living square feet, and sits on an approximately 11,450 square foot lot. 1121 N Westmoreland Ave #1 was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,770,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 236.05% higher than the current median priced home. Local homes that are currently for sale include 803 N Kingsley Dr, 220 N Hoover St and 743 N Occidental Blvd. While the average home in Los Angeles, CA is selling in 92 days, 1121 N Westmoreland Ave #1 has a days on market of 43 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1121 N Westmoreland Ave #1 Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1121 N Westmoreland Ave #1

Public county record property details
Beds
15
Baths
12
Year built
1931
Sq. Ft.
8,304
Lot Size
11,449
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5542-027-024

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1121 N Westmoreland Ave #1

Nearby Homes for Sale

1137 N Madison Ave, Los Angeles, CA 90029
$2,500,000
7 Beds
4 Baths
3678 Sq.Ft.
1137 N Madison Ave
Los Angeles, CA 90029
4520 Willow Brook Ave, Los Angeles, CA 90029
$2,400,000
12 Beds
12 Baths
7556 Sq.Ft.
4520 Willow Brook Ave
Los Angeles, CA 90029
933 N Mariposa Ave, Los Angeles, CA 90029
$3,200,000
12 Beds
10 Baths
6426 Sq.Ft.
933 N Mariposa Ave
Los Angeles, CA 90029
3522 Bellevue Ave, Los Angeles, CA 90026
$3,250,000
15 Beds
8 Baths
6840 Sq.Ft.
3522 Bellevue Ave
Los Angeles, CA 90026
1548 Micheltorena St, Los Angeles, CA 90026
$3,195,000
4 Beds
6 Baths
3770 Sq.Ft.
1548 Micheltorena St
Los Angeles, CA 90026
542 N Kenmore Ave, Los Angeles, CA 90004
$2,500,000
12 Beds
6 Baths
6563 Sq.Ft.
542 N Kenmore Ave
Los Angeles, CA 90004
639 Robinson St, Los Angeles, CA 90026
$2,850,000
11 Beds
6 Baths
4073 Sq.Ft.
639 Robinson St
Los Angeles, CA 90026
1405 N Normandie Ave, Los Angeles, CA 90027
$3,250,000
15 Beds
16 Baths
10001 Sq.Ft.
1405 N Normandie Ave
Los Angeles, CA 90027
4310 Franklin Ave, Los Angeles, CA 90027
$3,250,000
8 Beds
8 Baths
5283 Sq.Ft.
4310 Franklin Ave
Los Angeles, CA 90027
1425 N Normandie Ave, Los Angeles, CA 90027
$2,500,000
-- Beds
-- Baths
-- Sq.Ft.
1425 N Normandie Ave
Los Angeles, CA 90027
4253 Franklin Ave, Los Angeles, CA 90027
$2,995,000
8 Beds
4 Baths
4954 Sq.Ft.
4253 Franklin Ave
Los Angeles, CA 90027
4412 Finley Ave, Los Angeles, CA 90027
$2,569,000
54 Beds
36 Baths
6466 Sq.Ft.
4412 Finley Ave
Los Angeles, CA 90027

Recently Sold Homes Near 1121 N Westmoreland Ave #1

1173 N Virgil Ave, Los Angeles, CA 90029
$1,005,000 Last Sold Price
12 Beds
6 Baths
1830 Sq.Ft.
1173 N Virgil Ave
Los Angeles, CA 90029
1143 N Commonwealth Ave, Los Angeles, CA 90029
$1,450,000 Last Sold Price
4 Beds
4 Baths
3148 Sq.Ft.
1143 N Commonwealth Ave
Los Angeles, CA 90029
1207 N Commonwealth Ave, Los Angeles, CA 90029
$1,900,000 Last Sold Price
6 Beds
4 Baths
3116 Sq.Ft.
1207 N Commonwealth Ave
Los Angeles, CA 90029
1255 Lyman Pl, Los Angeles, CA 90029
$2,950,000 Last Sold Price
10 Beds
9 Baths
5082 Sq.Ft.
1255 Lyman Pl
Los Angeles, CA 90029

Related Resources to 1121 N Westmoreland Ave #1

New Listings in 90029
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

Refi Quote