1032 S Westlake Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1032 S Westlake Avenue,Los Angeles, CA 90006
$1,000,000
- - 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:$1,000,000
- Price per sq. ft.:$267.67
About this home
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 the home into multi units. Home was previously in the process of being remodeled....
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Home facts
- Year built:1902
- Subdivision & Development:Not Applicable
- Listing ID #:P1-26606
- Added:172 day(s) ago
- Updated:September 28, 2026 at 12:21 PM
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:$1,000,000
- Price per sq. ft.:$267.67
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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