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1230 S Westgate Ave, Los Angeles, CA 90025
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1230 S Westgate Ave Los Angeles, CA 90025

$2,076,000 Sold Price as of 11/08/2023
  • 42 Beds
  • 21 Baths
  • 5,696 Sq.Ft.
Sold
$2,076,000 Sold Price as of 11/08/2023 Refinance Your Mortgage
Map preview of 1230 S Westgate Ave, Los Angeles, CA 90025

Property Overview: 1230 S Westgate Ave Los Angeles, CA has 42 bedrooms, 21 bathrooms, 5,696 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An exceptional WLA location! This is your opportunity to buy a Brentwood adjacent apartment building, offering prime real estate. With six units featuring two bedrooms, one bath, parking, on-site laundry, and inviting courtyards 1230 Westgate is set to appreciate over time. It's currently renting at 50% below market rates, promising future cash flow growth. Zoned LAR3, giving this investment the potential of development. Meanwhile, located minutes away from UCLA, San Vicente's busy scene, and Sawtelle's top restaurants, this is prime real estate in a sought-after area.

Listed by D. Timothy Byrne | BRE #01186465 | Compass
Co-listed by Jennifer Pinckert | BRE #01202037 | Compass
Last checked: 1 minute ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23314403
City
Los Angeles
County
Los Angeles
Time on Site
223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,868
  • Total Rent: $1,868
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,755
  • Total Rent: $1,755
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,999
  • Total Rent: $1,999
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,631
  • Total Rent: $1,631
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,183
  • Total Rent: $2,183
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,801
  • Total Rent: $1,801
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.5%
  • Gross Rent Multiplier: 16.3
  • Gross Scheduled Income: --
  • Net Operating Income: $76,943
  • Gross Operating Income: $134,844
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1230 S Westgate Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 6
  • Parcel Number: 4263007015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Off of Wilshire Blvd and Westgate Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1230 S Westgate Ave

Last sold for $2,076,000 on November 8th, 2023

  • November, 2023

  • Nov 8, 2023

    Date

    Sold

    CRMLS: 23314403

    $2,076,000

    Price

  • Sep 29, 2023

    Date

    Active

    CRMLS: 23314403

    $2,200,000

    Price

Tax History for 1230 S Westgate Ave

Assessed Value (2020): $256,864
Year Land Value Improved Value Assessed Value
2020 $134,708 $122,156 $256,864

Home Value Compared to the Market

This property vs the competition

1230 S Westgate Ave sold on November 8, 2023 for 84.87% 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 $386.24 per/sqft which puts the price per square foot 48.84% lower than the current median sale per square foot for the city of Los Angeles.

About 1230 S Westgate Ave

Detailed summary of property

1230 S Westgate Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 42 bedrooms, 21 bathrooms, roughly 5,696 living square feet, and sits on an approximately 7,000 square foot lot. 1230 S Westgate Ave was first listed on ArdentRealEstateGroup.com on September 29, 2023. The homeowner sold the property for $2,076,000. 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 84.87% higher than the current median priced home. Local homes that are currently for sale include 1138 Cardiff Ave, 1132 S Wooster St and 1140 S Shenandoah St. While the average home in Los Angeles, CA is selling in 93 days, 1230 S Westgate Ave has a days on market of 11 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1230 S Westgate Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1230 S Westgate Ave

Public county record property details
Beds
12
Baths
6
Year built
1955
Sq. Ft.
5,696
Lot Size
6,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
4263-007-015

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
108
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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.

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