1217 Westerly Terrace Los Angeles, CA 90026

$1,257,500 Sold Price as of 01/17/2018

7 Beds
5 Baths
4,043 Sq.Ft.

Off Market

$1,257,500 Sold Price as of 01/17/2018 Refinance Your Mortgage

Map preview of 1217 Westerly Terrace, Los Angeles, CA 90026

Property Overview: 1217 Westerly Terrace Los Angeles, CA has 7 bedrooms, 5 bathrooms, 4,043 living square feet and 5,080 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1217 Westerly Terrace 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 $771. 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 $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1217 Westerly Terrace

Last sold for $1,257,500 on January 17th, 2018

January, 2018
Jan 18, 2018

Date

Sold

CRMLS: 17289696

$1,257,500

Price
Jan 10, 2018

Date

Pending

CRMLS: 17289696

$1,449,000

Price
Nov 30, 2017

Date

Active Under Contract

CRMLS: 17289696

$1,449,000

Price
Nov 15, 2017

Date

Active

CRMLS: 17289696

$1,449,000

Price
Listing provided courtesy of CRMLS

Presenting a clean 4 unit architecturally interesting opportunity. This well located Silverlake property features three 2 + 1 Units and one 1 + 1 with 4,043 total square feet of living space on a 5,061 square foot lot. Each two bedroom unit, including a lovely top story penthouse, boasts extraordinarily spacious private balconies, great light and spectacular elevated views of the city. Two storage areas provide added value as well as a third space that might be possible to make into a 5th unit (no guarantee implied). This value-add property is very solid at: $7,078/month; $84,936/year. At the $1,449,000 asking price, the property is: $362,500/Unit; a 17.01 current GRM; a 3.93% current CAP; and $359/SF, and a pro forma cap rate of 5.5%. Rents are 35% below market value with real upside and units have capacity to be improved. Perfect for long term investors. Walking distance to Sunset Junction, restaurants, schools, shops and the recently uplifted Reservoir parks and trails.

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January, 2018
Jan 17, 2018

Date

Sold (Public Records)

Public Records

$1,257,500

Price
April, 2016
Apr 8, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1217 Westerly Terrace

Assessed Value (2020): $1,308,303

Year	Land Value	Improved Value	Assessed Value
2020	$936,360	$371,943	$1,308,303

About 1217 Westerly Terrace

Detailed summary of property

1217 Westerly Terrace is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90026 and last sold on January 17, 2018 for $1,257,500. This property has 7 bedrooms, 5 bathrooms, roughly 4,043 living square feet, and sits on an approximately 5,080 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 12.28% higher than the current median priced home. 1217 Westerly Terrace was last sold on January 17, 2018 for $1,257,500. Local nearby listings include 1412 Waterloo St, 1721 Mccollum St and 772 N Arthur Rd. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1217 Westerly Terrace Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1217 Westerly Terrace

Public county record property details

Beds: 7
Baths: 5
Year built: 1967
Sq. Ft.: 4,043
Lot Size: 5,080
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 122
APN: 5426-003-004

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,250,000

Median List Price/Sq.Ft.

$822

Median Sold Price

$1,217,000

Median Sold Price/Sq.Ft.

$985

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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