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932 S Westmoreland Ave, Los Angeles, CA 90006
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932 S Westmoreland Ave Los Angeles, CA 90006

$7,300,000 Sold Price as of 03/02/2022
  • 18 Beds
  • 35 Baths
  • 20,445 Sq.Ft.
Sold
$7,300,000 Sold Price as of 03/02/2022 Refinance Your Mortgage
Map preview of 932 S Westmoreland Ave, Los Angeles, CA 90006

Property Overview: 932 S Westmoreland Ave Los Angeles, CA has 18 bedrooms, 35 bathrooms, 20,445 living square feet and 10,700 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and 3 (2+2) units averaging approx. 639 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 200

Home details

Lot Sq. Ft
10,700
HOA Dues
$0/mo
Year built
1964
Garage
27 Car
Property Type:
Multi Family
Status
Sold
MLS#
21757514
City
Los Angeles
County
Los Angeles
Time on Site
1046 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,107
  • Total Rent: $5,533
  • Pro Forma/Market Rent: $7,750
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,516
  • Total Rent: $18,193
  • Pro Forma/Market Rent: $24,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,797
  • Total Rent: $5,391
  • Pro Forma/Market Rent: $7,650
Unit Breakdown 4
  • # of Units: 12
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,220
  • Total Rent: $14,645
  • Pro Forma/Market Rent: $17,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.74
  • Gross Scheduled Income: --
  • Net Operating Income: $317,117
  • Gross Operating Income: $515,652
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 932 S Westmoreland Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 27
  • # of Parking Spaces: 27
  • Has Parking
  • Parking Features: Gated, Garage, Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 32
  • Parcel Number: 5076003001
Location / Neighborhood
Location Information
  • Directions: The property is situated just south of San Marino Street and east of S Vermont Avenue, in the highly desirable Mid-Wilshire submarket of Los Angeles.
View more facts & features

Local Los Angeles Agent

Sale History for 932 S Westmoreland Ave

Last sold for $7,300,000 on March 2nd, 2022

  • July, 2021

  • Jul 9, 2021

    Date

    Active

    CRMLS: 21757514

    $7,300,000

    Price

  • March, 2021

  • Mar 20, 2021

    Date

    Canceled

    CRMLS: 20672666

    $7,300,000

    Price

  • Mar 18, 2021

    Date

    Withdrawn

    CRMLS: 20672666

    $7,300,000

    Price

  • Jan 26, 2021

    Date

    Price Change

    CRMLS: 20672666

    $7,300,000

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 20672666

    $7,500,000

    Price

  • Listing provided courtesy of CRMLS

    $200,000 PRICE REDUCTION! 932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.

  • August, 2015

  • Aug 14, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,145,000

    Price

  • September, 2013

  • Sep 20, 2013

    Date

    Sold (Public Records)

    Public Records

    $3,285,032

    Price

Show More

Tax History for 932 S Westmoreland Ave

Assessed Value (2020): $5,286,454
Year Land Value Improved Value Assessed Value
2020 $3,128,228 $2,158,226 $5,286,454

Home Value Compared to the Market

This property vs the competition

932 S Westmoreland Ave sold on March 2, 2022 for 513.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $357.06 per/sqft which puts the price per square foot 52.71% lower than the current median sale per square foot for the city of Los Angeles.

About 932 S Westmoreland Ave

Detailed summary of property

932 S Westmoreland Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 18 bedrooms, 35 bathrooms, roughly 20,445 living square feet, and sits on an approximately 10,700 square foot lot. 932 S Westmoreland Ave was first listed on ArdentRealEstateGroup.com on July 9, 2021. The homeowner sold the property for $7,300,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 513.45% higher than the current median priced home. Local homes that are currently for sale include 11503 S New Hampshire Ave, 11503 S New Hampshire Ave and 3704 Glendon Ave. While the average home in Los Angeles, CA is selling in 92 days, 932 S Westmoreland Ave has a days on market of 200 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 932 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 932 S Westmoreland Ave

Public county record property details
Beds
18
Baths
--
Year built
1964
Sq. Ft.
20,445
Lot Size
10,700
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
9
APN
5076-003-001

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.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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