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$1,690,000

Beds
10
sq ft
2,775

1020 S Westlake Ave, Los Angeles, CA 90006

1020 S Westlake Ave

Los Angeles, CA 90006

  • 68 days on market
Prime High-Cap Property for Sale! Situated in a highly desirable area with excellent potential for significant returns, currently achieving 100% occupancy. The property benefits from dual access points both front and back as well as a spacious backyard, offering exceptional flexibility for adding an additional dwelling unit. This feature allows for numerous opportunities to increase rental income or tailor the space to meet various needs, supporting substantial growth and adaptability. Close proximity to USC, retail stores, freeway access, and entertainment venues, enhancing the property's appeal to a broad range of tenants.

Details

Property type

Est. home value

$976,067

Lot size

7,502 sq ft

Price per sq ft

$610

Year built

1903

HOA

No

Price History

09/11/2024
CLAW

CLAW #24438343

Listed
$1,690,000
+42.02%
08/15/2024
CLAW

CLAW #24390363

Removed
$1,190,000
05/09/2024
CLAW

CLAW #24390363

Listed
$1,190,000
-7.75%

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Kyu Hun Kwak

Loan start date

April 2022

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

3.76%

Loan type

Commercial

Seller

Koa Property Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 3:35 AM

Listing updated: 10/06/2024 at 9:19 AM

Listed by: Jina Hee Chon, Neozips Realty, Inc. Phone #: (661) 675-6000

MLS: CLAW #24438343

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