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1324 S Westlake Ave
Los Angeles, CA 90006
Immeuble residentiel Propriété À vendre
·
1 Unité
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Faits saillants de l'investissement
- Historic Craftsman property in Pico Union featuring 8 rooms and 5 bathrooms with strong income potential
- LARD 1.5 zoning allowing flexible uses including boarding house hotel transient lodging and hostel
- Prime location minutes from USC Downtown Los Angeles Crypto Arena and Koreatown
Résumé de l'annonce
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 positively impacting the community, or develop the
property as housing for USC students and other nearby colleges and trade schools. Income potential from multiple sources.
This property is ideal for investors seeking stable income and potential future development in one of LA’s most vibrant
neighborhoods. Don’t miss out on owning a piece of LA history with high yield potential!
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 positively impacting the community, or develop the
property as housing for USC students and other nearby colleges and trade schools. Income potential from multiple sources.
This property is ideal for investors seeking stable income and potential future development in one of LA’s most vibrant
neighborhoods. Don’t miss out on owning a piece of LA history with high yield potential!
Faits sur la propriété
| Prix par unité | 1 332 874 $ CAD | Taille du lot | 0,20 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 232 pi² |
| Nombre d’unités | 1 | Occupation moyenne | 100% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Dortoir | Année de construction | 1903 |
| Style d’appartement | Maison unifamiliale | Ratio de stationnement | 2,36/1 000 pi² |
| Classe d’immeuble | C | ||
| Zonage | LARD 1.5 - Récemment approuvés par le HPOZ et en attendant un examen final avec LADBS, les plans de rénovation de la propriété comprennent la conversion de la propriété en un SFR de 12 lits et 5 bains. | ||
| Prix par unité | 1 332 874 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 1 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Dortoir |
| Style d’appartement | Maison unifamiliale |
| Classe d’immeuble | C |
| Taille du lot | 0,20 AC |
| Taille du bâtiment | 4 232 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1903 |
| Ratio de stationnement | 2,36/1 000 pi² |
| Zonage | LARD 1.5 - Récemment approuvés par le HPOZ et en attendant un examen final avec LADBS, les plans de rénovation de la propriété comprennent la conversion de la propriété en un SFR de 12 lits et 5 bains. |
Commodités
Commodités des unités
- Connexions pour laveuse/Sécheuse
- Cuisine
- Bain/Douche
- Cour
- Grenier
- Salle à manger
- Porche
Commodités du site
- Terrain clôturé
- Clôturé
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 8+5 | 1 | - | - |
Impôts fonciers
| Numéro de lot | 5135-004-002 | Évaluation des bâtiments | 418 317 $ CAD |
| Évaluation du terrain | 1 292 601 $ CAD | Évaluation totale | 1 710 918 $ CAD |
Impôts fonciers
Numéro de lot
5135-004-002
Évaluation du terrain
1 292 601 $ CAD
Évaluation des bâtiments
418 317 $ CAD
Évaluation totale
1 710 918 $ CAD
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