1324 S Westlake Avenue, Los Angeles, CA 90006
Local realty services provided by:ERA North Orange County Real Estate
1324 S Westlake Avenue,Los Angeles, CA 90006
$975,000
- - Beds
- - Baths
- 4,232 sq. ft.
- Multi-family
- Active
Listed by: marlin dginguerian
Office: johnhart real estate
MLS#:GD25118136
Source:CRMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$230.39
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 #:GD25118136
- Added:176 day(s) ago
- Updated:November 20, 2025 at 02:18 PM
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:$975,000
- Price per sq. ft.:$230.39
New listings near 1324 S Westlake Avenue
- Open Sun, 1 to 3pmNew
$815,000Active2 beds 2 baths1,386 sq. ft.4600 Via Dolce #206, Marina Del Rey, CA 90292
MLS# 25617797Listed by: COMPASS - Open Fri, 11am to 1pmNew
$2,499,000Active5 beds 4 baths2,845 sq. ft.4912 Alonzo Avenue, Encino, CA 91316
MLS# OC25250905Listed by: RE/MAX ONE - New
$1,599,999Active4 beds 2 baths2,182 sq. ft.8121 Chase Avenue, Los Angeles, CA 90045
MLS# SB25262394Listed by: EXP REALTY OF CALIFORNIA INC - New
$1,399,000Active4 beds 3 baths2,793 sq. ft.9660 Vanalden, Northridge, CA 91324
MLS# SR25262469Listed by: GASBARRO INVESTMENTS,INC. - New
$730,000Active3 beds 2 baths1,430 sq. ft.543 S Ditman, Los Angeles, CA 90063
MLS# CV25254057Listed by: COLDWELL BANKER LEADERS - New
$432,000Active2 beds 1 baths967 sq. ft.10720 Woodley Avenue #3, Granada Hills, CA 91344
MLS# SR25217640Listed by: PACIFIC INTER CAPITAL INVESTMENT SOLUTIONS, INC - New
$2,200,000Active3 beds 2 baths2,229 sq. ft.2535 Canyon, Los Angeles, CA 90068
MLS# SR25251247Listed by: EXP REALTY OF CALIFORNIA INC - New
$499,950Active2 beds 2 baths1,218 sq. ft.8710 Independence Avenue #307, Canoga Park, CA 91304
MLS# 225005592Listed by: KELLER WILLIAMS EXCLUSIVE PROPERTIES - New
$730,000Active3 beds 2 baths1,430 sq. ft.543 S Ditman, Los Angeles, CA 90063
MLS# CV25254057Listed by: COLDWELL BANKER LEADERS - New
$770,000Active-- beds -- baths4,224 sq. ft.6613 S Figueroa, Los Angeles, CA 90003
MLS# DW25263571Listed by: CENTURY 21 CORNERSTONE