Address
1216 S Westmoreland Avenue Los Angeles, CA
Price
$ 2,700,000
Property Attributes
  • MLS#21762536
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • Style
  • Price$ 2,700,000
  • Bedrooms20
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size11,704 SqFt
Listing Provided Courtesy Of:
Sung Oh with Realty ONE Group United - 213-447-0724
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 3 of the units are currently occupied by tenants and 1 vacant unit. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

Price History
7/19/2021 Listed $2,700,000

General Features

Appliances Disposal, Range
Flooring Wood
Listing Agent Sung Oh - BRE#01884497
Listing Agent State License 01884497
Lot Size Square Feet 11704
MLS Area C17 - Mid-Wilshire
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 4
Zoning LAR4

Exterior Features

Lot Size Acres 0.26
Lot Size Area 11704
Lot Size Source Other
Lot Size Units Square Feet
Number of Buildings 1

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
$2.7M
Visits
AVG 49
58
Walkscore
AVG 91
89
Data Provided by Walkscore ® not using MLS data

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