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1032 S Westlake Avenue Los Angeles, CA $ 1,100,000
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1032 S Westlake Avenue
$ 1,100,000
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1032 S Westlake Avenue

Los Angeles, CA, 90006
$ 1,100,000
Baths0.0 Sq 3,736

Monthly Estimate*

$ 6,773

Listed by Keller Williams Los Angeles
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,100,000. This 3,736 square foot home was built in 1902 on a lot size of 0.1722.

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.

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Multi-Family Active

Price

$ 1,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1902

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

P126606

Days on Market

77
Features
General
Sewer Public Sewer
Heating None
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Available Sewer Connected Water Connected
Roof Composition
Appliances Gas Oven Gas Range Gas Water Heater Refrigerator Water Heater
Zoning LAR3
HOA Fee 0
Garage Spaces 0
Architectural Style Bungalow
Pool Features None
Construction Materials Vinyl Siding
Exclusions Refrigerator washer and dryer in downstairs unit
Year Built 1902
Electric Electricity - On Property
View None
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Gross Income 0
Community Features Urban
Accessibility Safe Emergency Egress from Home Parking
County Los Angeles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Not Applicable
Facing Direction West
Garage Y/N false
Special Listing Conditions Notice Of Default Probate Listing
Status Active
Directions Between Olympic and W 11th. East of Hoover.
City Los Angeles
Disclosures Court Confirmation Historical Rent Control
Entry Location multiple
Senior Community Y/N false
Number Of Units Total 3
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 7502
Number of Units Leased 1
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Granite Counters High Ceilings Walk-In Pantry Walk-In Closet(s)
Flooring Laminate
Total Stories 2
Common Walls 2+ Common Walls
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N true
Laundry Features Washer Hookup Gas Dryer Hookup
Total Baths 0
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Exterior
Fencing Chain Link
Parking Features Concrete
Lot Features Sprinklers None
Water Source Public
Total Parking 7
Inclusions Refrigerators washer and dryer in upstairs unit; stoves throughout
Lot Size Area 7502
Number of Buildings 2
Spa false
Building Area Total 3736
Lot Size Acres 0.1722
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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* Excluded Features
List By
Keller Williams Los Angeles

Broker

esther@estherclausonrealestate.com

Email

Affordability Calculator

$6,773
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/9/2026$1,100,000 Listed Price

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1032 S Westlake Avenue, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $1,100,000 with 3,736 sqft and a lot size of 0.1722. 1032 S Westlake Avenue is a studio with 0.0 baths and was built in 1902. The property's zip code is 90006 which is in Los Angeles, CA

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