1032 S Westlake AVE, Los Angeles, CA 90006
1032 S Westlake AVE, Los Angeles, CA 90006
1032 S Westlake AVE, Los Angeles, CA 90006
1032 S Westlake AVE, Los Angeles, CA 90006
1032 S Westlake AVE, Los Angeles, CA 90006
1032 S Westlake AVE, Los Angeles, CA 90006
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,000,000
Est. payment | /mo

7,501 Sqft Lot

Save
$ 1,000,000
Est. payment | /mo
Save

7,501 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-26606

HOA Y/N No

Year Built 1902

Lot Size 7,501 Sqft

Property Sub-Type Single Family Residence

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 the home into multi units. Home was previously in the process of being remodeled.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Interior Features Granite Counters, High Ceilings, Walk-In Pantry, Walk-In Closet(s)

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate

Inclusions Refrigerators, washer, and dryer in upstairs unit; stoves throughout

Fireplace Yes

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete

Fence Chain Link

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility Safe Emergency Egress from Home, Parking

Total Parking Spaces 7

Private Pool No

Building

Lot Description Sprinklers None

Faces West

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5136011005

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Notice Of Default, Probate Listing

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Esther Clauson Keller Williams Los Angeles esther@estherclausonrealestate.com, DRE #02031778

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.