John E Burge

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1032 S Westlake AvenueLos Angeles, CA 90006

Multi-Family · 3,736 Sq. ft. | 0.17 Acres
$1,000,000 Active

1032 S Westlake Avenue Overview

Time on Site:
82 days
Visits:
0

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.

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1032 S Westlake Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,736
  • Price/Sq.ft. $268
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Common Interest: None

Building Information

  • New Construction: No
  • Year Built: 1902

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C42 - Downtown L.A.
  • Postal City: LOS ANGELES
  • Subdivision Name: Not Applicable

Community/Development

  • Community Features: Urban

Rent/Lease Information

  • Land Lease: No

General Information

  • Disclosures: Court Confirmation,Historical,Rent Control
  • Exclusions: Refrigerator, washer, and dryer in downstairs unit
  • Inclusions: Refrigerators, washer, and dryer in upstairs unit; stoves throughout
  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 5136011005
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Notice Of Default,Probate Listing
  • Zoning: LAR3

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 3736.0

General Information

  • Accessibility Features: Safe Emergency Egress from Home,Parking
  • Appliances: Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Water Heater
  • Basement: Yes
  • Common Walls: 2+ Common Walls
  • Electric: Electricity - On Property
  • Entry Location: multiple
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Features: Granite Counters,High Ceilings,Walk-In Pantry,Walk-In Closet(s)
  • Laundry Features: Washer Hookup,Gas Dryer Hookup
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Concrete
  • Parking Total: 7.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Sprinklers None
  • Lot Size Acres: 0.1722
  • Lot Size Area: 7502.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7502.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Bungalow
    • Construction Materials: Vinyl Siding
    • Direction Faces: West
    • Property Attached: Yes
    • Roof: Composition

    General Information

    • Fencing: Chain Link
    • Number Of Units Leased: 1
    • Number Of Units Total: 3
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected

    1032 S Westlake Avenue Neighborhood

    Community

    90006 (Los Angeles) Demographics

    34
    Median Age
    30,503
    Population Density (per sq. mile)
    24%
    College Educated
    $37,375
    Estimated Median Income
    1,777
    Estimated Total Home Owners
    17,372
    Estimated Total Renters
    9% / 91%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1032 S Westlake Avenue Monthly Cost

    $
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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1032 S Westlake Avenue Market Data

    Based on the last 30 days in this zip code

    $804,658
    Average List Price
    $523
    Average Price per Square Foot
    10
    Properties Sold
    77
    Average Days on Market
    153
    Properties for Sale
    Calculations provided by Reliance Network

    1032 S Westlake Avenue History

    Date Event Value Agent
    6/18/2026Source: CRMLS Price Reduction
    $1,000,000 -9.1%
    4/8/2026Source: CRMLS Added to Database
    April 08, 2026
    Listing provided courtesy of Keller Williams Los AngelesEsther Clauson- MLS# P1-26606MLS ProviderContact Information: [email protected] - (213) 797-7000
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