$1,000,000

1032 S Westlake Avenue, Los Angeles, CA 90006

  • 3,736 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1902
  • Property Lot Size Icon7,501sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $268/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Exceptional investment opportunity in a prime Koreatown / Westlake location. The process to convert the home into a duplex plus back unit began in 2019. 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. 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 of being remodeled.

Listing Status:
Active
Date Added:
April 9, 2026
Data Last Updated:
July 5, 2026 at 3:17PM
Listing Office:
Keller Williams Los Angeles : (213) 797-7000
Listing Agent:
Esther Clauson : (626) 244-7480
MLS ID:
P1-26606
  • General: Granite CountersHigh CeilingsWalk-In PantryWalk-In Closet(s)
  • Appliances: Gas OvenGas RangeGas Water HeaterRefrigeratorWater Heater
  • Laundry: Washer HookupGas Dryer Hookup
  • Flooring: Laminate
  • A/C: Wall/Window Unit(s)
  • Heating: None
  • Fireplace: Fireplace
  • Disability Feature: Safe Emergency Egress from HomeParking
  • General: None
  • Style: Bungalow
  • Pool: None
  • Parking: ConcreteParking spaces: 7
  • Roofing: Composition
  • General: Vinyl Siding2
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CRF
  • County: Los Angeles
  • Zoning: LAR35136011005
  • View: None
  • Fencing: Chain Link
  • Utilities: Electricity ConnectedNatural Gas AvailableSewer ConnectedWater ConnectedElectricity - On Property
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRF
  • Exclusions: Refrigeratorwasherand dryer in downstairs unit

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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