831 S Westlake Ave Los Angeles, CA 90057

$1,650,000 Sold Price as of 02/14/2018

3 Beds
9 Baths
5,049 Sq.Ft.

Off Market

$1,650,000 Sold Price as of 02/14/2018 Refinance Your Mortgage

Map preview of 831 S Westlake Ave, Los Angeles, CA 90057

Property Overview: 831 S Westlake Ave Los Angeles, CA has 3 bedrooms, 9 bathrooms, 5,049 living square feet and 9,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

831 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 831 S Westlake Ave

Last sold for $1,650,000 on February 14th, 2018

February, 2018
Feb 14, 2018

Date

Sold (Public Records)

Public Records

$1,650,000

Price
August, 2017
Aug 21, 2017

Date

Canceled

CRMLS: 17226700

$1,799,000

Price
Jun 7, 2017

Date

Price Change

CRMLS: 17226700

$1,799,000

Price
Jun 6, 2017

Date

Canceled

CRMLS: 17226700

$2,000,000

Price
May 2, 2017

Date

Active

CRMLS: 17226700

$2,000,000

Price
Listing provided courtesy of CRMLS

Just Reduced! Hudson Partners is pleased to present this 9,750 square foot lot with agressive R-4-1 zoning in west Downtown Los Angeles.By right, a developer can build approximately 24 apartment units, with the potential for a 35% density bonus if the project includes at least 6 affordable housing units. The floor-to-area ratio is 3-1, with no height limitation.The property' s current improvement is a 5,049 square foot, 9 unit apartment building, consisting of bachelor and studio units, with gross annual income of approximately $105,000. 4 of the units can potentially be delivered vacant at the close of escrow.The asset is situated in the path of explosive growth from Koreatown to the west and Downtown L.A. to the immediate east.Considered the 2nd most densely populated neighborhood in L.A., Westlake is flanked by Silver Lake to the north, Echo Park to the northeast and east, Downtown to the southeast, Pico-Union to the south and southwest and Koreatown to the west.

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June, 2001
Jun 8, 2001

Date

Sold (Public Records)

Public Records

$93,363

Price

Tax History for 831 S Westlake Ave

Assessed Value (2020): $1,716,660

Year	Land Value	Improved Value	Assessed Value
2020	$1,300,500	$416,160	$1,716,660

About 831 S Westlake Ave

Detailed summary of property

831 S Westlake Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and last sold on February 14, 2018 for $1,650,000. This property has 3 bedrooms, 9 bathrooms, roughly 5,049 living square feet, and sits on an approximately 9,750 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 47.32% higher than the current median priced home. 831 S Westlake Ave was last sold on February 14, 2018 for $1,650,000. Local nearby listings include 1353 Toberman St, 1234 Wilshire Blvd #607 and 1234 Wilshire Blvd #119. 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 831 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 831 S Westlake Ave

Public county record property details

Beds: 3
Baths: 9
Year built: 1895
Sq. Ft.: 5,049
Lot Size: 9,750
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17,18
APN: 5141-020-012

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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