$ 1,288,000
1324 S Westlake Avenue Los Angeles, CA 90006
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$ 1,288,000
Est. payment | /mo
12 Beds
4,232 SqFt
$ 1,288,000
Est. payment | /mo
12 Beds
4,232 SqFt
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,232 sqft
Price per Sqft $304
MLS Listing ID CRGD24237114
Bedrooms 12
HOA Y/N No
Year Built 1903
Lot Size 8,669 Sqft
Acres 0.2
Property Description
Discover an exceptional business opportunity in a prime Los Angeles location! Recently approved by the Historical Preservation Overlay Zone (HPOZ) and pending one final review with LADBS, the property’s renovation plans include converting it to a 12-bedroom, 5-bathroom SFR. 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 11-room rooming 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. With flexible LARD1.5 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 12 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 poten
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Laundry Inside
Exterior
Exterior Feature Other
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5135004002
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Rafael Gevorkian • JohnHart Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "