1216 South Westmoreland Avenue
$2,990,000
7
5
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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.
- Listed by Sung Oh • DRE #01884497 • Brokerage DRE #01375374 • Real Estate eBroker Inc.
Property Details for 1216 South Westmoreland Avenue
Water Front
None
ZoningLAR4
Cross StreetsPico Boulevard
Parcel Number5076018015
Total Units4.0
AreaMid-Wilshire (C17)
Vacancy Rate50
Lot Size Area11704
LISTING UPDATED: 08/30/2024 02:31 PM
Property Details for 1216 South Westmoreland Avenue
Status | Active |
---|---|
MLS # | 24-429195 |
Days on Market | 97 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | - |
Lot Size | 0.27 AC / 11,704 SF |
County | Los 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
Property History for 1216 South Westmoreland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
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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