1020 South Westlake Avenue

Los Angeles, CA 90006

$1,690,000
Price
10
Beds
5
Baths
2,775 Sq. Ft.
$609 / Sq. Ft.
2,775
Sq. Ft.
$609
per Sq. Ft.

Description

Prime High-Cap Property for Sale! Situated in a highly desirable area with excellent potential for significant returns, currently achieving 100% occupancy. The property benefits from dual access points both front and back as well as a spacious backyard, offering exceptional flexibility for adding an additional dwelling unit. This feature allows for numerous opportunities to increase rental income or tailor the space to meet various needs, supporting substantial growth and adaptability. Close proximity...Prime High-Cap Property for Sale! Situated in a highly desirable area with excellent potential for significant returns, currently achieving 100% occupancy. The property benefits from dual access points both front and back as well as a spacious backyard, offering exceptional flexibility for adding an additional dwelling unit. This feature allows for numerous opportunities to increase rental income or tailor the space to meet various needs, supporting substantial growth and adaptability. Close proximity to USC, retail stores, freeway access, and entertainment venues, enhancing the property's appeal to a broad range of tenants.
  1. Listed by Jina Hee Chon • DRE #02062088 • Brokerage DRE #01408513 • Neozips Realty, Inc.
  2. Listed by Yun Kim • DRE #01408513 • Brokerage DRE #01408513 • Neozips Realty, Inc.

Property Details for 1020 South Westlake Avenue

Zoning
LAR3
Parcel Number
5136011003
Total Units
1.0
Living Area
2775
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
7502
LISTING UPDATED: 09/19/2024 12:01 AM

Property Details for 1020 South Westlake Avenue

StatusActive
MLS #24-438343
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 1020 South Westlake Avenue

Stories2Residences-Year Built1903Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 1020 South Westlake Avenue

Community / Development
Community / Development
  • Number Of Units: 1
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash
  • Disclosures: As Is, Historical
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $112,632
  • Net Operating Income: $.00
  • Gross Income: $112,632
  • Cap Rate: 6.34%
  • Gross Rent Multiplier: $10.97
  • Total Annual Expense: 0.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 8
  • Covered Parking: 2
  • Open Other Spaces Total: 6
  • Carport Spaces Total: 2
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Equipment: Gas Or Electric Dryer Hookup
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Roof: Shingle
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 10
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $911.25
  • Unit Actual Rent: $109,350.00
  • Unit Projected Rent: $112,632.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $336,600.00
  • Assessed Improvement Percent: 33.0
  • Assessed Land Value: $683,400.00
  • Assessed Land Percent: 67
  • Assessed Total Value: $1,020,000.00

Property History for 1020 South Westlake Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1020 South Westlake Avenue

Taxable ValueLand$697,068Additions$343,332Total$1,040,400
Tax Record2024$12,999 ($1,083 / month)
Home Facts
Total Finished SqFt2,775 SqFtAbove Grade Finished SqFt2,775 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1903ZoningLAR3CountyLOS ANGELESAPN5136-011-003

Schools near 1020 South Westlake Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tenth Street Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1020 South Westlake Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on September 11, 2024 by Neozips Realty, Inc., it's currently listed at $1,690,000. It has been on the market for a total of 51 days and was last sold on October 16, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Tenth Street Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 1020 South Westlake Avenue is a 10-bed, 5-bath, 2,775 sqft multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Neozips Realty, Inc., Jina Hee Chon, DRE #02062088; Neozips Realty, Inc., Yun Kim, DRE #01408513

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.