1324 S Westlake Avenue, Los Angeles, CA 90006

• 4,232 sqft

Property Description

Discover an exceptional business opportunity in a prime Los Angeles location! Recently approved by the Historical Preservation Overlay Zone (HPOZ) and LADBS for the property's renovation plans where the scope of work features upgrades to plumbing, electrical (where needed), and roofing, as well as complete renovations of all bathrooms, kitchen, flooring, and paint throughout, enhancing fit and finish in every room. This historical Craftsman property in the heart of Pico Union District currently stands as an 8-room house with 5 bathrooms and offers substantial rental income potential. Located minutes from USC, Downtown LA, Crypto Arena, and Koreatown, it's perfectly positioned for student housing, short-term renters, or urban professionals. The home also an oversized formal living room and dining room with original historical architecture and high ceilings. The home has central heating throughout and includes plenty of off street parking and a perimeter security fence. With flexible LARD 1.5 zoning, permitted uses of the home include Boarding House, Hotel, Transient Lodgings, and Hostel. However, Investors have the unique advantage of maximizing income potential by also tapping into Los Angeles city programs to fund housing for the homeless in all 8 bedrooms, creating income while

Listing Status:

Active

Date Added:

January 13, 2026

Data Last Updated:

February 15, 2026 at 7:06AM

Listing Office:

JohnHart Real Estate : 818-246-1099

Listing Agent:

Marlin Dginguerian : 818-415-1516

MLS ID:

CRGD26008179

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 5135004002

Financial

• Source: CRMLS