1111 S Westlake Avenue,  Los Angeles CA, 90006 (Residential Income)

5,496 sqft
Status: Sold
MLS#: 15878329
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Last Updated: 12/8/2016 9:47 AM
Description for 1111 S Westlake Avenue Los Angeles, CA 90006
ACCEPTED OFFER. SELLER WILL LOOK AT BACK UPS.BEST DEAL:Property consists of 2 separate structures,a fourplex in the front and an original 2 bd Victorian style home in back of lot. Large regular lot all flat located steps away from Olympic,adjacent to commercial structures, v conveniently located. Rents are low,due to long term tenancy,so upside potential is huge. Property is all fenced in, landscaped, well maintained by the same family for decades. Most units have the original hardwood floors, wood wall paneling and wood built ins from the 20's. Recently 2 units have had their flooring refurbished and new railing installed at balcony. Laundry areas in every unit,water heaters, indep meters, all units super spacious,beautiful layouts and v large living rooms with fireplaces. ONE UNIT MAY BE IN RELOCATION PROCESS, per mutual agreement bet. Buyer and Seller.Some rent bonuses in place,back house may be in heritage restr. Please do not disturb, offer subj
Price
Sold Price:
$585,000
Sold Date:07/16/2015
Los Angeles
5,496 (approx)
15878329
Closed
Description
ACCEPTED OFFER. SELLER WILL LOOK AT BACK UPS.BEST DEAL:Property consists of 2 separate structures,a fourplex in the front and an original 2 bd Victorian style home in back of lot. Large regular lot all flat located steps away from Olympic,adjacent to commercial structures, v conveniently located. Rents are low,due to long term tenancy,so upside potential is huge. Property is all fenced in, landscaped, well maintained by the same family for decades. Most units have the original hardwood floors, wood wall paneling and wood built ins from the 20's. Recently 2 units have had their flooring refurbished and new railing installed at balcony. Laundry areas in every unit,water heaters, indep meters, all units super spacious,beautiful layouts and v large living rooms with fireplaces. ONE UNIT MAY BE IN RELOCATION PROCESS, per mutual agreement bet. Buyer and Seller.Some rent bonuses in place,back house may be in heritage restr. Please do not disturb, offer subj
Listing Information
Property Type: Cluster, Other
0.18 Acres 7,770 sq.ft. 5,496 (approx)
1913
5 Total
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Exterior / Lot Features
2 Parking Spaces, Private
Driving Directions
Olympic and S. Alvarado, Korea Town
Financial Considerations
5136019006
,$9,620
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90006 has a population of 3,804,503.

The median household income in Los Angeles, California 90006 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90006 is 34.1 years.

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Courtesy: Diane T Russell-Lin, Broker camrmls
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Information is deemed reliable but is not guaranteed.

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