1324 S Westlake Avenue

Los Angeles, CA 90006

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,232 Sqft
  • 8669
    Sqft(Lot)
$1,288,000

Description

Discover an exceptional business opportunity in a prime los angeles location! recently approved by the historical preservation overlay zone (hpoz) and pending one final review with ladbs, the property’s renovation plans include converting it to a 12-bedroom, 5-bathroom sfr. the scope of work features upgrades to plumbing, electrical (where needed), and roofing, as well as complete renovations of all bathrooms, kitchen, flooring, and paint throughout, enhancing fit and finish in every room.

this historical craftsman property in the heart of pico-union district currently stands as an 11-room rooming house with 5 bathrooms and offers substantial rental income potential. located minutes from usc, downtown la, crypto arena, and koreatown, it's perfectly positioned for student housing, short-term renters, or urban professionals.

with flexible lard1.5 zoning, permitted uses of the home include boarding house, hotel, transient lodgings, and hostel. however, investors have the unique advantage of maximizing income potential by also tapping into los angeles city programs to fund housing for the homeless in all 12 bedrooms, creating income while positively impacting the community, or develop the property as housing for usc students and other nearby colleges and trade schools. income potential from multiple sources.

this property is ideal for investors seeking stable income and potential future development in one of la’s most vibrant neighborhoods. don’t miss out on owning a piece of la history with high-yield potential!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47682721

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1903
    • Building Area Total: 4,232

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.199
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8669

  • Listing Price Information

    • Original List Price: 1,288,000
    • Listing Contract Date: 2024-11-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5135004002

  • Garage and Parking

    • Garage Description: Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PHHT - Park Hills Heights
    • Postal Code Plus 4: 5013
    • Directions: Pico Blvd & S Alvarado St
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: PHHT - Park Hills Heights
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 121
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: steps
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/24/2024 @ 12:09

  • MLS: GD24237114
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,232 sqft, 8,669 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90006, this Los Angeles County Home are nearby neighborhoods.