717 S Westlake Ave Los Angeles, CA 90057

$4,185,000 Sold Price as of 02/17/2016

-- Beds
-- Baths
18,510 Sq.Ft.

Off Market

$4,185,000 Sold Price as of 02/17/2016 Refinance Your Mortgage

Map preview of 717 S Westlake Ave, Los Angeles, CA 90057

Property Overview: 717 S Westlake Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 18,510 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

717 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 717 S Westlake Ave

Last sold for $4,185,000 on February 17th, 2016

December, 2019
Dec 1, 2019

Date

Expired

CRMLS: 19476438

$6,395,000

Price
Nov 27, 2019

Date

Withdrawn

CRMLS: 19476438

$6,395,000

Price
Jul 26, 2019

Date

Active

CRMLS: 19476438

$6,395,000

Price
Jun 19, 2019

Date

Pending

CRMLS: 19476438

$6,395,000

Price
Jun 10, 2019

Date

Active

CRMLS: 19476438

$6,395,000

Price
Listing provided courtesy of CRMLS

717 South Westlake Avenue is a 40-unit apartment building located in the redeveloping and quickly gentrifying location of Westlake, just west of downtown Los Angeles. The property is steps away from Wilshire Boulevard, Alvarado Street, MacArthur Park, and the metro station. Constructed in 1924, the three-story building was constructed of reinforced brick and is situated on a street to alley lot.The property has a unit mix featuring 33 studios with a bathroom and a kitchen, as well as seven units that are one-bedroom, one-bathroom with a kitchen. The certificate of occupancy from 1923 states that the property contains 36 units, and another was issued in 1987 stating that a portion of the basement was converted to three light housekeeping units and one efficiency dwelling unit. The property is individually metered for gas and the current owner has made upgrades to several of the units.The property has a walk score of 96 which is incredibly high and is defined as "Walker's Paradis

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February, 2016
Feb 17, 2016

Date

Sold (Public Records)

Public Records

$4,185,000

Price
May, 2006
May 8, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 717 S Westlake Ave

Assessed Value (2020): $4,543,275

Year	Land Value	Improved Value	Assessed Value
2020	$2,717,985	$1,825,290	$4,543,275

About 717 S Westlake Ave

Detailed summary of property

717 S Westlake Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and last sold on February 17, 2016 for $4,185,000. This property has -- bedrooms, -- bathrooms, roughly 18,510 living square feet, and sits on an approximately 7,500 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 273.66% higher than the current median priced home. 717 S Westlake Ave was last sold on February 17, 2016 for $4,185,000. Local nearby listings include 1234 Wilshire Blvd #119, 284 S Coronado St and 2864 Sunset Pl #404. 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 717 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 717 S Westlake Ave

Public county record property details

Beds: --
Baths: --
Year built: 1924
Sq. Ft.: 18,510
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5141-019-011

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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