503 S Westlake Ave Los Angeles, CA 90057

$1,990,000 Sold Price as of 10/16/2019

4 Beds
4 Baths
3,312 Sq.Ft.

Off Market

$1,990,000 Sold Price as of 10/16/2019 Refinance Your Mortgage

Map preview of 503 S Westlake Ave, Los Angeles, CA 90057

Property Overview: 503 S Westlake Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,312 living square feet and 7,747 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

503 S 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 $1,200,000. The median price per/sqft for Los Angeles is $768. 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 503 S Westlake Ave

Last sold for $1,990,000 on October 16th, 2019

October, 2019
Oct 16, 2019

Date

Sold (Public Records)

Public Records

$1,990,000

Price
March, 2019
Mar 16, 2019

Date

Canceled

CRMLS: 18385560

$1,925,000

Price
Mar 9, 2019

Date

Hold

CRMLS: 18385560

$1,925,000

Price
Feb 13, 2019

Date

Active

CRMLS: 18385560

$1,925,000

Price
Feb 4, 2019

Date

Hold

CRMLS: 18385560

$1,925,000

Price
Jan 28, 2019

Date

Price Change

CRMLS: 18385560

$1,925,000

Price
Jan 1, 2019

Date

Expired

CRMLS: 18385560

$1,990,000

Price
Nov 5, 2018

Date

Withdrawn

CRMLS: 18385560

$1,990,000

Price
Oct 18, 2018

Date

Active

CRMLS: 18385560

$1,990,000

Price
Sep 21, 2018

Date

Canceled

CRMLS: 18385560

$1,990,000

Price
Sep 13, 2018

Date

Active

CRMLS: 18385560

$1,990,000

Price
Listing provided courtesy of CRMLS

MULTIFAMILY DEVELOPMENT IN OPPORTUNITY ZONE: R4-1 ZONED LOT WITH 7,748 SQFT LOT AREA PLUS REAR ALLEY, TOC TIER 3. Only 500 FEET TO METRO and MCARTHUR PARK!!! PRICED AT $53,000/DOOR. PACKAGE INCLUDES UN-ENTITLED LAND WITH CURRENT IMPROVEMENTS (4plex), ARCHITECTURAL PLANS FOR A 36 UNIT DEVELOPMENT PROJECT, SURVEY REPORT, TOC TIER 3 application approved for 36 units. McARTHUR PARK slated for A $20MM renovation. Currently a 4plex with $79,000 annual income and currently all units are 1bed, 1bath. 1.2miles from Downtown LA. Property sold AS-IS.

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March, 2019
Mar 16, 2019

Date

Canceled

CRMLS: 18385532

$1,925,000

Price
Mar 9, 2019

Date

Hold

CRMLS: 18385532

$1,925,000

Price
Feb 13, 2019

Date

Active

CRMLS: 18385532

$1,925,000

Price
Feb 4, 2019

Date

Hold

CRMLS: 18385532

$1,925,000

Price
Jan 28, 2019

Date

Price Change

CRMLS: 18385532

$1,925,000

Price
Jan 1, 2019

Date

Expired

CRMLS: 18385532

$1,990,000

Price
Nov 5, 2018

Date

Withdrawn

CRMLS: 18385532

$1,990,000

Price
Oct 18, 2018

Date

Active

CRMLS: 18385532

$1,990,000

Price
Sep 21, 2018

Date

Canceled

CRMLS: 18385532

$1,990,000

Price
Sep 13, 2018

Date

Active

CRMLS: 18385532

$1,990,000

Price
Listing provided courtesy of CRMLS

MULTIFAMILY DEVELOPMENT IN OPPORTUNITY ZONE: R4-1 ZONED LOT WITH 7,748 SQFT LOT AREA PLUS REAR ALLEY, TOC TIER 3. Only 500 FEET TO METRO and MCARTHUR PARK!!! PRICED AT $53,000/DOOR. PACKAGE INCLUDES UN-ENTITLED LAND WITH CURRENT IMPROVEMENTS (4plex), ARCHITECTURAL PLANS FOR A 36 UNIT DEVELOPMENT PROJECT, SURVEY REPORT, TOC TIER 3 application approved for 36 units. McARTHUR PARK slated for A $20MM renovation. Currently a 4plex with $79,000 annual income and currently all units are 1bed, 1bath. 1.2miles from Downtown LA. Property sold AS-IS.

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February, 2018
Feb 9, 2018

Date

Sold

CRMLS: PW17242471

$1,150,000

Price
Dec 8, 2017

Date

Pending

CRMLS: PW17242471

$1,225,000

Price
Dec 5, 2017

Date

Price Change

CRMLS: PW17242471

$1,225,000

Price
Oct 24, 2017

Date

Active

CRMLS: PW17242471

$1,400,000

Price
Listing provided courtesy of CRMLS

REDUCED!!! REDUCED!!! REDUCED!!! to $1,225,000 LOCATION! LOCATION! LOCATION!!! GREAT 4 UNITS PROPERTY FOR INVESTORS AND DEVELOPERS. LOCATED NORTH OF WILSHIRE AND EAST OF ALVARADO. THIS IS ONE INVESTORS SHOULD NOT MISS OUT. THIS IS LOCATED IN THE HEART OF LOS ANGELES. JUST WALK TO MACARTHUR PARK. EACH OF THE 4 UNITS HAS 2 BEDROOMS, LIVING ROOM, BATHROOMS, KITCHEN THIS PROPERTY IS CLOSE TO EVERYTHING, EMPLOYMENT, EDUCATION, TRANSPORTATION, SERVICES, ENTERTAINMENT ETC. THIS PROPERTY IS SOLD IN AS IS CONDITION WITH TENANTS. BUYER TO VERIFY ALL INFORMATION TO THEIR SATISFACTION AND RELY ON THEIR OWN FINDINGS.

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February, 2018
Feb 8, 2018

Date

Sold (Public Records)

Public Records

$1,100,000

Price

Tax History for 503 S Westlake Ave

Assessed Value (2020): $1,990,300

Year	Land Value	Improved Value	Assessed Value
2020	$1,790,000	$200,300	$1,990,300

About 503 S Westlake Ave

Detailed summary of property

503 S Westlake Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90057 and last sold on October 16, 2019 for $1,990,000. This property has 4 bedrooms, 4 bathrooms, roughly 3,312 living square feet, and sits on an approximately 7,747 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 77.68% higher than the current median priced home. 503 S Westlake Ave was last sold on October 16, 2019 for $1,990,000. Local nearby listings include 210 S La Fayette Park Pl #112, 230 N Park View St and 421 S La Fayette Park Pl #720. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 503 S Westlake Ave Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 503 S Westlake Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1908
Sq. Ft.: 3,312
Lot Size: 7,747
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 42
APN: 5154-029-016

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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(714) 706-1823

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