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1324 S Westlake Ave, Los Angeles, CA 90006
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1324 S Westlake Ave Los Angeles, CA 90006

$1,088,888
  • 11 Beds
  • 5 Baths
  • 4,232 Sq.Ft.
For Sale
$1,088,888 Get Pre-Qualified
Map preview of 1324 S Westlake Ave, Los Angeles, CA 90006

Property Overview: 1324 S Westlake Ave Los Angeles, CA has 11 bedrooms, 5 bathrooms, 4,232 living square feet and 8,669 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Amazing investment opportunity to own a rental income producing property in the heart of Los Angeles Pico-union area close to USC, Koreatown, & downtown La Crypto arena. Beautiful historical craftsman residence currently being operated as a rooming house. Current allowable uses per city & zoning lard1.5 ordinances are Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel. There are also many conversion possibilities to multi-family and or adding additional Adu units. Perfect for student housing! Property is securely gated and has plenty of parking in the rear through alley entrance approximately 8-10 cars! Current approved use as per certificate of occupancy is 1-family dwelling & 5 rooms. Buyers to verify with department of building & safety.

Listed by Xochitl Rosales | BRE #01773834 | Socal City Properties
Last checked: 10 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
8,669
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
GD24060439
City
Los Angeles
County
Los Angeles
Time on Site
33 days

Open Houses for 1324 S Westlake Ave

No upcoming open houses

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Property Details for 1324 S Westlake Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 5
  • Downstairs Bathrooms: 3
  • Living Room, Multi-Level Bedroom
Bathroom Information
  • # of Baths (Full): 5
Interior Features
  • High Ceilings
  • Levels: Two
  • Window Features: Wood Frames
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Front Porch, Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Paved, On Site
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5135004002
  • Year Built Source: Public Records
  • Architectural Style: Craftsman
  • Entry Level: 2
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Other Subdivision Name: the alvarado terrace tract
  • Directions: 110 south fwy exit Convention center and pico Blvd head west on pico/ cross street is Pico Blvd
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1324 S Westlake Ave

Last sold for $965,000 on January 12th, 2018

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: GD24060439

    $1,088,888

    Price

  • June, 2019

  • Jun 7, 2019

    Date

    Expired

    CRMLS: 18412262

    $1,390,000

    Price

  • Feb 26, 2019

    Date

    Price Change

    CRMLS: 18412262

    $1,390,000

    Price

  • Dec 10, 2018

    Date

    Active

    CRMLS: 18412262

    $1,490,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT OPPORTUNITY TO OWN A ROOMING HOUSE WITH PERMIT IN A PRIME LOCATION. JUST MINUTES AWAY FROM DOWNTOWN, USC AND KOREATOWN. TOTAL OF 11 ROOMS 5 BATHROOMS . CURRENTLY FULL RENTED. $8,900 /M RENTAL INCOME.

  • January, 2018

  • Jan 15, 2018

    Date

    Sold

    CRMLS: WS17239502

    $965,000

    Price

  • Nov 30, 2017

    Date

    Active Under Contract

    CRMLS: WS17239502

    $1,050,000

    Price

  • Oct 19, 2017

    Date

    Active

    CRMLS: WS17239502

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own a beautiful historical craftsman property. Rare to find, good rental income, high return with net monthly income of $6000+ rooming house. 12 parking spaces in rear. New heating, new plumbing, upgraded electrical system. Conveniently located, minutes from downtown LA nightlife (Staples Center, LA Live, Convention Center etc). Close to USC and Korean Town. Per city zoing RD1.5, this property is good for additional 4 more units in the back. (Buyer and Buyer's agent to verify with city.) Alley access from back yard.

  • January, 2018

  • Jan 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $965,000

    Price

  • October, 2017

  • Oct 17, 2017

    Date

    Expired

    CRMLS: WS17056031

    $1,050,000

    Price

  • Oct 16, 2017

    Date

    Active

    CRMLS: WS17056031

    $1,050,000

    Price

  • Sep 7, 2017

    Date

    Active Under Contract

    CRMLS: WS17056031

    $1,050,000

    Price

  • Mar 19, 2017

    Date

    Active

    CRMLS: WS17056031

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own a beautiful historical craftsman property. Rare to find, good rental income, high return rooming house. 12 parking spaces in rear. New heating, new plumbing, upgraded electrical system. Conveniently located, minutes from downtown LA nightlife (Staples Center, LA Live, Convention Center etc). Close to USC and Korean Town. Per city zoing RD1.5, this property is good for additional 4 more units in the back. (Buyer and Buyer's agent to verify with city.) Alley access from back yard.

  • September, 2016

  • Sep 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $760,000

    Price

  • January, 2008

  • Jan 19, 2008

    Date

    Expired

    CRMLS: 12095961

    $850,000

    Price

  • Jul 19, 2007

    Date

    Active

    CRMLS: 12095961

    $880,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED!!! BACK ON THE MARKET. THIS HISTORIC CRAFTMAN HAS LIKE NEW ROOF, GUTTERS, AND CARPET. ZONED FOR RESIDENTIAL MISC-LODGING. SELLER VERY MOTIVATED! MAKE OFFER SUBJECT TO INSPECTION. PROPERTY SOLD AS IS CONDITION...

  • April, 2007

  • Apr 11, 2007

    Date

    Expired

    CRMLS: 12088166

    $880,000

    Price

  • Mar 6, 2007

    Date

    Active

    CRMLS: 12088166

    $880,000

    Price

  • Listing provided courtesy of CRMLS

    This historic craftman has new roof, gutters, and carpet. Zoned for Residential Misc. Lodging. Seller very motivated. Make offer subject to inspection. Property sold As Is Condition.

  • April, 2007

  • Apr 9, 2007

    Date

    Canceled

    CRMLS: 12086395

    $880,000

    Price

  • Feb 1, 2007

    Date

    Active

    CRMLS: 12086395

    $880,000

    Price

  • Listing provided courtesy of CRMLS

    This historic craftsman has new roof, gutters, and carpet. Zoned for Residential Misc. Lodging. Seller very motivated. Make offer subject to inspection. Property sold in As Is condition. Property is a purchase not a lease.

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Tax History for 1324 S Westlake Ave

Assessed Value (2020): $1,017,501
Year Land Value Improved Value Assessed Value
2020 $936,360 $81,141 $1,017,501

Home Value Compared to the Market

This property vs the competition

1324 S Westlake Ave is listed 11.9% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $257.3 per/sqft which puts the price per square foot 66.71% lower than the median price per square foot for the city of Los Angeles.

About 1324 S Westlake Ave

Detailed summary of property

1324 S Westlake Ave is a single family home located in Los Angeles, CA 90006 and is currently for sale. This house offers 11 bedrooms, 5 bathrooms, roughly 4,232 living square feet, and sits on an approximately 8,669 square foot lot. 1324 S Westlake Ave was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,088,888. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11.9% lower than the median priced home. Local competing homes currently for sale include 900 W Olympic Blvd #31C, 900 W Olympic Blvd #39G and 889 Francisco St #2109. While the average home in Los Angeles, CA is selling in 96 days, 1324 S Westlake Ave has a days on market of 27 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1324 S Westlake 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 1324 S Westlake Ave

Public county record property details
Beds
11
Baths
5
Year built
1903
Sq. Ft.
4,232
Lot Size
8,666
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5135-004-002

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.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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