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Listed by Esther Clauson, DRE #02031778 • Keller Williams Los Angeles
$1,000,000
Est. payment /mo
7,502 Sqft Lot
Price Dropped by $100K
1032 S Westlake AVE Los Angeles, CA 90006
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-26606
Style Bungalow
Year Built 1902
Lot Size 7,502 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Exceptional investment opportunity in a prime Koreatown / Westlake location. The process to convert the home into a duplex plus back unit began in 2019. 1032 S Westlake Ave offers versatile multi-unit potential with strong income potential. The property is zoned LAR3 with Transient Lodging use and is located within an R3-1-HPOZ Historic Preservation Overlay Zone, presenting redevelopment and value-add possibilities. Located just blocks from the Westlake/MacArthur Park station, the surrounding neighborhood offers proximity to popular destinations including USC and Loyola Law School, Crypto Arena and Downtown LA, providing convenient access to major employment hubs throughout Los Angeles near Koreatown. There is ample parking for 7 cars with convenient alley access. With strong potential income, multi unit configuration possibilities, and redevelopment upside, this offering presents a compelling opportunity for investors seeking a centrally located asset, especially with the highly anticipated upcoming sports events of 2028.See floor plan reflecting the following: Upstairs: 3 Bedrooms / 2 Bathrooms Bottom: 2 Bedrooms / 1 Bathroom plus separate 1 bedroom with 1 bathroom Rear: 1 Bedroom / 2 Bathrooms. Per the Special Administrator, permits were initiated to add rooms and convert t
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Rooms
Kitchen Other, Pantry, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating No Heating
Cooling Window / Wall Unit
Flooring Laminate
Laundry Gas Hookup, 30
Exterior
Parking Features Other
Garage Spaces 7.0
Pool 31, None
View None
Roof Type Composition
Building
Water Hot Water, District - Public
Architectural Style Bungalow
Others
Tax ID 5136011005
Special Listing Condition Notice of Default, Court Confirmation May Be Required
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