1032 S Westlake Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1032 S Westlake Avenue,Los Angeles, CA 90006
$1,100,000
- - Beds
- - Baths
- 3,736 sq. ft.
- Multi-family
- Active
Listed by: esther clauson
Office: keller williams los angeles213-797-7000
MLS#:P1-26606
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$294.43
About this home
This is a probate sale requiring court confirmation and is subject to overbidding process. Sale is as-is. Exceptional investment opportunity in a prime Koreatown / Westlake location. 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 (buyer to verify). 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 the home into multi units. Home was previously in the process of being remodeled.Buyers are advised to independently conduct their own due diligence regarding the status of permits, square footage, zoning regulations, use, development standards, income potential, HPOZ requirements, and all redevelopment potential to their full satisfaction.Neither the listing agent nor the brokerage shall be held responsible for any inaccuracies or typographical errors. Information provided is deemed reliable but is not guaranteed. Buyer to perform due diligence to investigate all matters and assume all responsibility....
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Home facts
- Year built:1902
- Listing ID #:P1-26606
- Added:3 day(s) ago
- Updated:April 12, 2026 at 10:34 AM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Gas Oven, Gas Range, Refrigerator
- Basement:Yes
- Living area:3,736 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Roof:Composition
- Year built:1902
- Building area:3,736 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Bungalow
- Construction Materials:Vinyl Siding
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$294.43
Features and amenities
- Amenities:Gas Water Heater, Granite Counters, High Ceilings, Walk In Closets, Walk In Pantry, Water Heater
Parking
- Total parking spaces:7
- Parking description:Concrete
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