1324 S Westlake Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1324 S Westlake Avenue,Los Angeles, CA 90006
$850,000
- - Beds
- - Baths
- 4,232 sq. ft.
- Multi-family
- Active
Listed by: marlin dginguerian
Office: johnhart real estate818-246-1099
MLS#:GD26008189
Source:CRMLS
Price summary
- Price:$850,000
- Price per sq. ft.:$200.85
About this home
Discover an exceptional business opportunity in a prime Los Angeles location! Recently approved by the Historical Preservation Overlay Zone (HPOZ) and LADBS for the property's renovation plans where 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 8-room 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. The home also an oversized formal living room and dining room with original historical architecture and high ceilings. The home has central heating throughout and includes plenty of off street parking and a perimeter security fence. With flexible LARD 1.5 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 8 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!...
Contact an agent
Home facts
- Year built:1903
- Listing ID #:GD26008189
- Added:332 day(s) ago
- Updated:April 25, 2026 at 10:49 AM
Rooms and interior
- Living area:4,232 sq. ft.
Structure and exterior
- Year built:1903
- Building area:4,232 sq. ft.
- Lot area:0.2 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$200.85
Features and amenities
- Laundry features:Inside
New listings near 1324 S Westlake Avenue
- New
$599,000Active2 beds 2 baths1,114 sq. ft.765 W 26th, San Pedro, CA 90731
MLS# SB26089409Listed by: COMPASS - New
$689,000Active3 beds 2 baths1,420 sq. ft.13935 Burbank Boulevard #105, Van Nuys (los Angeles), CA 91401
MLS# CRHD26086687Listed by: COLDWELL BANKER HOME SOURCE - New
$1,235,000Active3 beds 3 baths2,359 sq. ft.1628 Laraine Circle, San Pedro (los Angeles), CA 90732
MLS# CRPV26051217Listed by: COMPASS - New
$888,888Active3 beds -- baths2,100 sq. ft.1171 W 38th Street, Los Angeles, CA 90037
MLS# CRSR26077216Listed by: JAMES BAKER REALTY, INC. - New
$1,749,999Active2 beds 3 baths1,980 sq. ft.7027 Macapa, Los Angeles, CA 90068
MLS# CRSR26084741Listed by: EPIQUE REALTY - New
$879,900Active3 beds 2 baths1,290 sq. ft.22915 Saticoy Avenue, West Hills (los Angeles), CA 91304
MLS# CRSR26084880Listed by: EQUITY UNION - New
$1,026,995Active4 beds 4 baths1,786 sq. ft.1699 Coral Sea Lane, San Pedro (los Angeles), CA 90731
MLS# CRSR26089133Listed by: RC HOMES - LOS ANGELES / VENTU - New
$699,000Active2 beds 3 baths1,302 sq. ft.7802 Via Tortona, Burbank, CA 91504
MLS# IG26087003Listed by: BLU DOT REALTY GROUP - Open Sun, 1 to 4amNew
$849,999Active-- beds 1 baths1,330 sq. ft.510 Hewitt Street #515, Los Angeles, CA 90013
MLS# SR26087863Listed by: VALLEY STAR REALTY, INC. - New
$1,899,000Active4 beds 4 baths2,951 sq. ft.8228 Rees Street, Playa Del Rey, CA 90293
MLS# 26800091Listed by: WESTLINE PROPERTIES