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1324 S Westlake Ave 1 Unit Apartment Building $800,000 ($800,000/Unit) Los Angeles, CA 90006
Investment Highlights
- Rare 4,232 SF Multi-Room Residential Income Opportunity
- On-Site Parking for Approximately 10 Vehicles
- Significant Value-Add & Income Growth Potential
- 10 Individual Rental Rooms with 5 Shared Bathrooms
- Prime Westlake Location Minutes from Downtown LA, Koreatown & USC
- Ideal for Value-Add & Residential Income Investors
Executive Summary
Discover an exceptional investment opportunity in a prime Los Angeles location! The property includes HPOZ and LADBS-approved renovation plans, which include upgrades to plumbing, electrical systems as needed, and roofing, as well as renovations of the bathrooms, kitchen, flooring, and interior paint throughout. This historic Craftsman property offers multiple private rooms and five bathrooms, creating a unique residential income opportunity in the heart of the Westlake/Pico-Union area.
Located minutes from USC, Downtown Los Angeles, Crypto.com Arena, and Koreatown, the property is well positioned for shared housing, workforce housing, student housing, co-living, or long-term residential occupancy. The home also features an oversized formal living room and dining room with original historic architecture and high ceilings. Additional features include central heating, on-site gated parking area, and a secured perimeter fence.
With RD1.5-1-HPOZ zoning, the property presents a unique value-add opportunity for investors. Buyers should verify all permitted uses, zoning, permits, and development potential with the appropriate governmental agencies. This property is ideal for investors seeking immediate value-add potential, long-term appreciation, and multiple residential income strategies.
Located minutes from USC, Downtown Los Angeles, Crypto.com Arena, and Koreatown, the property is well positioned for shared housing, workforce housing, student housing, co-living, or long-term residential occupancy. The home also features an oversized formal living room and dining room with original historic architecture and high ceilings. Additional features include central heating, on-site gated parking area, and a secured perimeter fence.
With RD1.5-1-HPOZ zoning, the property presents a unique value-add opportunity for investors. Buyers should verify all permitted uses, zoning, permits, and development potential with the appropriate governmental agencies. This property is ideal for investors seeking immediate value-add potential, long-term appreciation, and multiple residential income strategies.
Property Facts
| Price | $800,000 | Building Class | C |
| Price Per Unit | $800,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,232 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1903 |
| Property Subtype | Apartment | Parking Ratio | 2.36/1,000 SF |
| Zoning | LARD 1.5 | ||
| Price | $800,000 |
| Price Per Unit | $800,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,232 SF |
| No. Stories | 2 |
| Year Built | 1903 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | LARD 1.5 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Kitchen
- Tub/Shower
- Yard
- Basement
- Dining Room
- Porch
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+5 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5135-004-002 | Improvements Assessment | $306,000 |
| Land Assessment | $945,540 | Total Assessment | $1,251,540 |
Property Taxes
Parcel Number
5135-004-002
Land Assessment
$945,540
Improvements Assessment
$306,000
Total Assessment
$1,251,540
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