Fixer Upper
Address
1116 1120 S Westmoreland Avenue Los Angeles, CA
Price
$ 3,500,000
Property Attributes
  • MLS#21741990
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • StyleFrench
  • Price$ 3,500,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms0
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Frank Kim with Frank Kim - 213-272-5004
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Truly a rare opportunity for todays Investors, Builders, and Developers! Bring all offers. Rare and Unique Double Lot, to be sold together. Located near the major corridor to LA Live, Staples, Convention Center, Downtown LA, Korea Town and USC Campus, this outstanding Value-add opportunity is in a highly sought-after area where the supply rarely meets the demand! 1116 1122 S. Westmoreland Avenue is positioned in one of the most rapidly developing submarket communities in Los Angeles. A 16-unit apartment building located in prime Koreatown, this property is a renters paradise, conveniently located to various amenities including markets, restaurants, trendy bars, shopping, hotels, entertainment venues, museums and local transportation. Located in an State Opportunity Zone, an investor can upgrade to capture market rents and capitalize on the remaining rental upside. Please verify with the City of L.A. regarding Historical designation. Buyer to verify all information herein. Seller and Broker does not guarantee its accuracy.

Price History
6/2/2021 Listed $3,500,000

General Features

Additional Parcels Y/N Yes
Architectural Style French
Carport Y/N Yes
Cooling None
Facing Direction West
Garage Y/N Yes
Heating None
Levels Multi/Split
Listing Agent Frank Kim - BRE#01342449
Listing Agent State License 01342449
Lot Size Square Feet 19514
MLS Area C17 - Mid-Wilshire
Pool Features None
Property Type Residential Income
PropertyCondition Fixer, Repairs Major
Senior Community Y/N No
Sewer Sewer Tap Paid
Spa Features None
Special Listing Conditions Standard
Status Active
Total Units 16
View None
Zoning LAR4-XL1

Interior Features

Fireplace Features Bath, Dining Room, Electric, Gas, Great Room, Kitchen, Living Room, Master Bedroom
Fireplace Y/N Yes
Laundry Features None

Exterior Features

Foundation Details Raised
Lot Features Front Yard, Lawn, Landscaped
Lot Size Acres 0.44
Lot Size Area 19514
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Assigned, Detached Carport, Driveway, Garage, Garage Door Opener

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90006

Price
AVG $3.63M
$3.5M
Visits
AVG 48
91
Year Built
AVG 1935
1938
Walkscore
AVG 91
90
Data Provided by Walkscore ® not using MLS data

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