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1421 S Westmoreland Ave Los Angeles, CA 90006

$3,000,000 Sold Price as of 08/06/2022

7 Beds
18 Baths
9,834 Sq.Ft.

Sold

$3,000,000 Sold Price as of 08/06/2022 Refinance Your Mortgage

Map preview of 1421 S Westmoreland Ave, Los Angeles, CA 90006

Property Overview: 1421 S Westmoreland Ave Los Angeles, CA has 7 bedrooms, 18 bathrooms, 9,834 living square feet and 7,553 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Keyvan Moradian | BRE #01926553 | Moradian Enterprises, Inc.

Last checked: 10 minutes ago | Last updated: May 28th, 2024 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft: 7,553
HOA Dues: $0/mo
Year built: 1925
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22161155
City: Los Angeles
County: Los Angeles
Time on Site: 749 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 18
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $956
Total Rent: $2,869
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,262
Total Rent: $2,525
Pro Forma/Market Rent: $1,700

Unit Breakdown 3

# of Units: 13
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $985
Total Rent: $121,813
Pro Forma/Market Rent: $1,350

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 13.46
Gross Scheduled Income: --
Net Operating Income: $151,935
Gross Operating Income: $235,845

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1421 S Westmoreland Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Kitchen Information

Has Appliances
Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Concrete

Property Information

Total # of Units: 18
Parcel Number: 5056002011

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Pico and Westmoreland

View more facts & features

Local Los Angeles Agent

Sale History for 1421 S Westmoreland Ave

Last leased for $1,450 on May 28th, 2024

May, 2024
May 28, 2024

Date

Leased

CRMLS: 24383757

$1,450

Price
Apr 23, 2024

Date

Active

CRMLS: 24383757

$1,550

Price
Listing provided courtesy of CRMLS

Welcome to your newly renovated Studio in the vibrant heart of Pico-Union! This charming studio apartment offers modern living at its finest, boasting a sleek design and convenient amenities to enhance your lifestyle.Step inside to discover stylish vinyl flooring that exudes warmth and durability, while the elegant quartz countertops in the kitchen area provide a perfect space for meal preparation. Brand new stainless steel appliances add a touch of luxury and ensure that every culinary adventure is a breeze.Stay cool and comfortable year-round with the convenience of a wall-mounted air conditioning unit, allowing you to customize the temperature to your preference. Say goodbye to laundromat hassles with access to a shared laundry room right on the premises, making laundry day a convenient and stress-free experience.Don't miss out on the opportunity to make this studio your own urban sanctuary in the bustling heart of Pico-Union. Schedule a viewing today and experience the perfect blend of comfort, style, and convenience!

Continue Reading
August, 2022
Aug 6, 2022

Date

Sold

CRMLS: 22161155

$3,000,000

Price
May 25, 2022

Date

Active

CRMLS: 22161155

$3,250,000

Price
July, 2016
Jul 26, 2016

Date

Sold (Public Records)

Public Records

$2,100,000

Price
March, 2006
Mar 10, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1421 S Westmoreland Ave

Assessed Value (2020): $2,231,376

Year	Land Value	Improved Value	Assessed Value
2020	$1,337,122	$894,254	$2,231,376

Home Value Compared to the Market

This property vs the competition

1421 S Westmoreland Ave sold on August 6, 2022 for 187.61% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $330.49 per/sqft which puts the price per square foot 56.17% lower than the current median sale per square foot for the city of Los Angeles.

About 1421 S Westmoreland Ave

Detailed summary of property

1421 S Westmoreland Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 7 bedrooms, 18 bathrooms, roughly 9,834 living square feet, and sits on an approximately 7,553 square foot lot. 1421 S Westmoreland Ave was first listed on ArdentRealEstateGroup.com on May 25, 2022. The homeowner sold the property for $3,000,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 187.61% higher than the current median priced home. Local homes that are currently for sale include 1470 W Adams Blvd, 1145 S Kingsley Dr and 1139 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 94 days, 1421 S Westmoreland Ave has a days on market of 42 days. There are currently 3859 homes for sale in the Los Angeles real estate market and 2609 of them are single family homes while 1145 of them are condos and 99 are townhomes. For more information on this home for sale at 1421 S Westmoreland 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 1421 S Westmoreland Ave

Public county record property details

Beds: 9
Baths: 18
Year built: 1925
Sq. Ft.: 9,834
Lot Size: 7,552
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12,13
APN: 5056-002-011

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.

$608

Median Sold Price

$605,000

Median Sold Price/Sq.Ft.

$596

Total Inventory

Median Sale to List Price %

96.18%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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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.