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830 S Westlake Ave, Los Angeles, CA 90057
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830 S Westlake Ave Los Angeles, CA 90057

$6,800,000 Sold Price as of 11/22/2023
  • 30 Beds
  • 60 Baths
  • 34,722 Sq.Ft.
Sold
$6,800,000 Sold Price as of 11/22/2023 Refinance Your Mortgage
Map preview of 830 S Westlake Ave, Los Angeles, CA 90057

Property Overview: 830 S Westlake Ave Los Angeles, CA has 30 bedrooms, 60 bathrooms, 34,722 living square feet and 29,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Realtors! Call your developer clients now. Excellent opportunity to acquire investment property in the heart of Los Angeles. 60-unit apartment building on 30,000 SQFT lot near DTLA. Located near Alvarado St, restaurants and stores. Near 100% occupancy. Upside rent market and potentials.

Listed by Suk Joon Chang | BRE #01843430 | Team Spirit Realty, Inc.
Last checked: 7 minutes ago | Last updated: November 22nd, 2023 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
29,999
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW23098296
City
Los Angeles
County
Los Angeles
Time on Site
471 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 60
  • Total # of Buildings: 1
  • # of Leased Units: 59
Unit Breakdown 1
  • # of Units: 30
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $32,591
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 30
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $34,394
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.77%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $803,829
  • Net Operating Income: $414,303
  • Gross Operating Income: --
  • Laundry Income: $3,600
  • Laundry Own/Lease: Own
  • Other Income 1: $28,768
Annual Expense Breakdown
  • Total Operating Expense: $412,474
  • Electric: $7,909
  • Trash: $33,407
  • Insurance: $17,402
  • Maintenance: $67,255
  • Professional Management: $39,914
  • Water/Sewer: $68,610
  • Other Expenses: $3,965

Property Details for 830 S Westlake Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 60
Lot Information
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 60
  • Parcel Number: 5142004023
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Westlake & James M Wood
View more facts & features

Local Los Angeles Agent

Sale History for 830 S Westlake Ave

Last sold for $6,800,000 on November 22nd, 2023

  • November, 2023

  • Nov 22, 2023

    Date

    Sold

    CRMLS: PW23098296

    $6,800,000

    Price

  • Jun 4, 2023

    Date

    Active

    CRMLS: PW23098296

    $14,000,000

    Price

  • April, 2018

  • Apr 18, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2013

  • Mar 29, 2013

    Date

    Sold (Public Records)

    Public Records

    $6,485,064

    Price

Show More

Tax History for 830 S Westlake Ave

Assessed Value (2020): $7,367,957
Year Land Value Improved Value Assessed Value
2020 $5,134,043 $2,233,914 $7,367,957

Home Value Compared to the Market

This property vs the competition

830 S Westlake Ave sold on November 22, 2023 for 882.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $316.8 per/sqft which puts the price per square foot 56.24% lower than the current median sale per square foot for the city of Los Angeles.

About 830 S Westlake Ave

Detailed summary of property

830 S Westlake Ave is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 30 bedrooms, 60 bathrooms, roughly 34,722 living square feet, and sits on an approximately 29,999 square foot lot. 830 S Westlake Ave was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $6,800,000. Home 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 882.14% higher than the current median priced home. Local homes that are currently for sale include 1131 S Glendora Ave, 921 S Park Circle and 417 Main St. While the average home in Los Angeles, CA is selling in 106 days, 830 S Westlake Ave has a days on market of 73 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. For more information on this home for sale at 830 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 830 S Westlake Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
34,722
Lot Size
29,999
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
5-8
APN
5142-004-023

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.
$531
Median Sold Price
$900,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
16
Median Sale to List Price %
90.91%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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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