1324 S Westlake Avenue, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

1324 S Westlake Avenue, Los Angeles, CA 90006

$1,000,000 Approx. USD 0 beds, 0 baths

Listing Agent


Marlin Dginguerian | marlin@jhhre.com
Lic#: 01930762
Broker: Courtesy of JohnHart Real Estate

Agent Remarks

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!

Listing Details

Property type: Multi Family (Commercial)
Status: Active
MLS# GD25118143
Price: $1,000,000
Beds: 0
Baths: 0
Built in 1903
0.20 acres
Lot size: 0.1990
County: Los Angeles
Lot description: ZeroToOneUnitAcre
MLS area: PHHT - Park Hills Heights

Last Updated: 5/28/2025

 Days On Market (DOM): 25

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This listing belongs to the PHHT - Park Hills Heights MLS area

Lat/Long: 34.045791, -118.281762.
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Source: CRM. Also Available in GD25118136,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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