$1,100,000

1032 S Westlake Avenue, Los Angeles, CA 90006

6 beds
3,736 sqft

other
Built in 1902
7,405sqft lot
—— car garage
$294/sqft
Listed 5 days ago

Property Description

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

Listing Status:: Active
Date Added:: April 9, 2026
Data Last Updated:: April 15, 2026 at 1:08AM
Listing Office:: Keller Williams Los Angeles : 213-797-7000
Listing Agent:: Esther Clauson : 626-244-7480
MLS ID:: CRP1-26606

Appliances: Gas Water Heater
Laundry: Gas Dryer HookupOther
Flooring: Laminate
A/C: Wall/Window Unit(s)
Heating: None
Disability Feature: Other

Parking: OtherParking spaces: 7

General: Vinyl Siding

HOA Amenities: 0.0
County: Los Angeles

Zoning: LAR35136011005
View: None
Fencing: Chain Link

This listing courtesy of Esther Clauson , Keller Williams Los Angeles

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

10th Street Elementary School

1000 Grattan St, Los Angeles, CA, 90015

Grades 1-5

0.35 miles away

John Liechty Middle School

650 S Union Ave, Los Angeles, CA, 90017

Grades 6-8

0.62 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.