123 N Westlake Ave Los Angeles, CA 90026

$879,000 Sold Price as of 05/24/2018

4 Beds
2 Baths
2,240 Sq.Ft.

Off Market

$879,000 Sold Price as of 05/24/2018 Refinance Your Mortgage

Map preview of 123 N Westlake Ave, Los Angeles, CA 90026

Property Overview: 123 N Westlake Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,240 living square feet and 5,995 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

123 N Westlake 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 $1,209,000. 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 $241,800 for the down payment and will need roughly $24,180 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 123 N Westlake Ave

Last sold for $879,000 on May 24th, 2018

March, 2020
Mar 31, 2020

Date

Canceled

CRMLS: 20558516

$1,249,000

Price
Mar 1, 2020

Date

Active

CRMLS: 20558516

$1,249,000

Price
Listing provided courtesy of CRMLS

SHOWING AFTER ACCEPTED OFFER. PLEASE DO NOT DISTURB TENANTS. 3 newly remodeled units. One 3 bd 2 ba unit (perfect for owner user), two other identical units with 1 bd, 1 ba. All units include outdoor patio areas, separate electric meters, separate entrances and parking in large gated parking lot. Every unit has been updated with new kitchens w/ quartz countertop and stainless-steel appliances, new floors, fixtures, ceiling fans, new bathrooms vanities and showers, and new A/C & heater units. All have separate alarm systems and are separately metered for electricity.Electricity and plumbing was just recently updated. Total monthly rental income $6,185/month. On-site laundry room, and separate laundry hook-ups in the 3 bd unit. Minutes away from Echo Park and a 5 minute drive to Downtown Los Angeles. Sits on a street-to-street lot, great opportunity for redevelopment. Large standing room basement provides plenty of space for storage located at the rear of the property.

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May, 2018
May 24, 2018

Date

Sold

CRMLS: RS18075447

$879,000

Price
Apr 9, 2018

Date

Pending

CRMLS: RS18075447

$879,000

Price
Apr 3, 2018

Date

Active

CRMLS: RS18075447

$879,000

Price
Listing provided courtesy of CRMLS

Here’s an incredible opportunity to own an income property just minutes away from Echo Park and a short 5 minute drive to Downtown Los Angeles. The location of this property couldn’t be better. The property is 2 stories and sits on a street to street 5,995 sqft. lot. Main unit is located on 2nd floor and is a 2 bed 1 bath unit with a bonus room and full laundry hook ups. Through the years owner has made multiuple upgrades to the property keeping the property in great condition. 1st floor has 2 identical 1 bedroom 1 bath units. Large parking lot with plenty of parking space accessed through the automatic gate. Large standing room basement provides plenty of space for storage located at the rear of the property. Per seller lot is divided into 2 parcel numbers (Buyer to verify with the city of Los Angeles to satisfy themselves). Assessor shows 2 units, but Per owner, the third unit has the Grand Father Clause Per Assessors This is a great property offering lots of choices and potential for investors looking to expand and take advantage of the Downtown Los Angeles market.

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May, 2018
May 24, 2018

Date

Sold (Public Records)

Public Records

$879,000

Price
June, 2007
Jun 29, 2007

Date

Sold (Public Records)

Public Records

$125,000

Price

Tax History for 123 N Westlake Ave

Assessed Value (2020): $914,511

Year	Land Value	Improved Value	Assessed Value
2020	$639,846	$274,665	$914,511

About 123 N Westlake Ave

Detailed summary of property

123 N Westlake Ave is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90026 and last sold on May 24, 2018 for $879,000. This property has 4 bedrooms, 2 bathrooms, roughly 2,240 living square feet, and sits on an approximately 5,995 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 21.52% lower than the current median priced home. 123 N Westlake Ave was last sold on May 24, 2018 for $879,000. Local nearby listings include 1073 W Kensington Rd, 1234 Wilshire Blvd #514 and 1234 Wilshire Blvd #233. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 123 N Westlake Ave 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 123 N Westlake Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1913
Sq. Ft.: 2,240
Lot Size: 5,995
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5157-026-005

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

$1,200,000

Median List Price/Sq.Ft.

$813

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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