1216 South Westmoreland Avenue

Los Angeles, CA 90006

$2,990,000
Price
7
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936....Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.
  1. Listed by Sung Oh • DRE #01884497 • Brokerage DRE #01375374 • Real Estate eBroker Inc.

Property Details for 1216 South Westmoreland Avenue

Water Front
None
Zoning
LAR4
Cross Streets
Pico Boulevard
Parcel Number
5076018015
Total Units
4.0
Area
Mid-Wilshire (C17)
Vacancy Rate
50
Lot Size Area
11704
LISTING UPDATED: 08/30/2024 02:31 PM

Property Details for 1216 South Westmoreland Avenue

StatusActive
MLS #24-429195
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.27 AC / 11,704 SF
CountyLos Angeles County

Building Information for 1216 South Westmoreland Avenue

Stories2Residences-Year Built-Building Size-Lot Size0.27 AC / 11,704 SF

Property Information for 1216 South Westmoreland Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4 unit
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $20,448.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2687
  • Lot Size Square Feet: 11704
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 8
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Hardwood
  • Equipment: Range/Oven, Garbage Disposal
  • Cooking Appliances: Range
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,704.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 1216 South Westmoreland 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 1216 South Westmoreland Avenue

Taxable ValueLand$259,995Additions$153,630Total$413,625
Tax Record2024$5,698 ($475 / month)
Home Facts
Total Finished SqFt4,619 SqFtAbove Grade Finished SqFt4,619 SqFtLot Size11,704 SqFtStyleQuadraplexYear Built1936ZoningLAR4CountyLOS ANGELESAPN5076-018-015

Schools near 1216 South Westmoreland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo 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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1216 South Westmoreland Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on August 17, 2024 by Real Estate eBroker Inc., it's currently listed at $2,990,000. It has been on the market for a total of 75 days and was last sold on August 4, 2000. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and Contreras Learning Center-School Of Social Justice. 1216 South Westmoreland Avenue is a 7-bed, 5-bath, multi-family home.

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 Real Estate eBroker Inc., Sung Oh, DRE #01884497

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.