1040 S Westlake Avenue

Los Angeles , CA 90006

MLS#: 25592497

$1,290,000

Status: Active
Listing number: 25592497
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 10 hours ago
New on site 1 day ago
Browse Properties
Soouth Bonnie Brae Tract - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

3,007

Property is zoned: LAR-3. This property presents a rare opportunity for multi-family development or income-generating possibilities. Located in the vibrant Pico-Union neighborhood, minutes from Downtown LA, Koreatown, and major transit routes. Current use for Dongyang homestay total are 9 bedrooms 3 bathrooms and one kitchen monthly income is $10,360.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    YES

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Carport, Community Structure

  • Patio and Porch Features

    None

  • Pool

    Yes

  • Pool Features

    None

  • View

    City Lights

Area & Lot

  • Lot Size(acres)

    0.1722

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,290,000

  • Sq. Footage

    3, 007

  • Price/SqFt

    $428

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Other

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jenny Chow , Coldwell Banker Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Property is zoned: LAR-3. This property presents a rare opportunity for multi-family development or income-generating possibilities. Located in the vibrant Pico-Union neighborhood, minutes from Downtown LA, Koreatown, and major transit routes. Current use for Dongyang homestay total are 9 bedrooms 3 bathrooms and one kitchen monthly income is $10,360.

1040 S Westlake Avenue

Message successfully sent.

What would you like to know?

Related Properties

New on site 1 day ago
We are pleased to present 6600 S Hoover Ave, a 10-unit mixed-use property in Los Angeles, offered at a 6.80 GRM and an 9.11% CAP on current rents, assuming market rents for the 4 vacant units. Offered at a low $240/square foot, the property is comprised of three separate buildings offering of a total of 6,254 rentable square feet. The front building consists of two commercial units and four residential units followed by two duplexes in the rear on W 66th Street. Built in 1924, the property sits on a 5,257 square foot LAC2-zoned corner lot. The unit mix features two (2) ground level commercial units and eight (8) one-bedroom one-bathroom units. One (1) commercial unit and three (3) one-bedroom units will be delivered VACANT. Located on the corner of S Hoover St and W 66th St, this property is located five blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include The Family, Totorame Market Cafe, Paseo San Miguel, The Breakfast Shack, Nicapersian Saffron Food, La Chancla Night Market and more. Contact the listing broker for additional information.
#25593731

Los Angeles

6600 S Hoover Street

8 Beds

None Baths

6,254 Sq.Ft.

$1,500,000

MLS#: 25593731

New on site 1 day ago
KOREA TOWN PRIME LOCATION!!! Great income property built in 2003 townhouse style units price well below market value! Lots of new modern units being built in the area 15 minutes away from downtown la Hollywood and Beverly Hills hurry these won’t last!
#DW25219199

Los Angeles

1964 Normandie

None Beds

None Baths

4,000 Sq.Ft.

$1,450,000

MLS#: DW25219199

New on site 1 day ago
Exceptional 5-unit multifamily investment offering strong returns and clear upside. 945 W 76th St includes two brand-new ADUs, two fully rehabbed units, and one stand-alone detached unit. Four units are currently leased, and the final unit is scheduled to be occupied on October 1 at $2,695. Current gross income supports a cap rate of about 6.8% at the $1,198,000 list price. With all five units stabilized, projected gross income is roughly $140,000 annually, raising the pro-forma cap rate to approximately 8.8%. Each unit features modern updates and separate meters, and recent construction provides years of low-maintenance ownership. Located near USC, SoFi Stadium, and major freeways, this turnkey property is ideal for investors seeking immediate cash flow, 1031 exchange opportunities, and long-term appreciation.
#PW25216647

Los Angeles

945 W 76th St

None Beds

None Baths

3,603 Sq.Ft.

$1,198,000

MLS#: PW25216647

New on site 2 days ago
We are pleased to present this 9-unit apartment community located at 711 E Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at an 8.13 GRM and 7.81% CAP on current rents with upside potential to achieve a 10.07% CAP and 6.79 GRM with pro forma rents. This opportunity consists of a two-story building offering a total of 5,184 rentable square feet. Built in 1929, the property is situated on a 4,697 square foot LARD1.5 zoned lot with alley access. The unit mix consists of one (1) three bedroom one-bathroom unit and eight (8) one bedroom one-bathroom units with 6 out of 9 units having been renovated. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superiors Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
#25593183

Los Angeles

711 E Vernon Avenue

12 Beds

None Baths

5,184 Sq.Ft.

$1,500,000

MLS#: 25593183

New on site 2 days ago
Compass is pleased to present the opportunity to acquire a four-unit apartment building in the Olympic Park-Koreatown neighborhood of Los Angeles. This property boasts a diverse unit mix, featuring 2 three-bedroom and two-bathroom units, 1 two-bedroom and two-bathroom unit, and 1 one-bedroom and one-bathroom unit. Gas and electricity are independently metered, while water is centrally metered. The construction combines stucco and wood-frame elements and offers 5 parking spaces for on-site tenants. Given that rents are currently below market value and the area is undergoing continued gentrification, investors will recognize the value in seizing this opportunity.
#25593013

Los Angeles

1144 S Kingsley Drive

9 Beds

None Baths

4,121 Sq.Ft.

$1,525,000

MLS#: 25593013

New on site 2 days ago
Spectacular offering of a 12-unit building in the Historic Central submarket of Los Angeles. Just south of downtown LA, this stylish building provides the perfect opportunity to add value as well as significant upside in rents. The unit mix is 12 Single Room Occupancies (SRO) with 6 two bedroom tandem units with separate exterior entrances to the 2nd bedrooms and 6 one bedroom units. There is a large gated parking area with room for 10+ cars. Coin Laundry brings in an additional $6,302/year. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, the property is near local employment, and entertainment centers such as South Park, LA Live and Crypto Arena. Also, rapidly developing areas like USC, the Arts District, Exposition Park and Koreatown. The neighborhood is considered highly walkable with easy access to freeways, shops and public transportation.
#25584531

Los Angeles

510 E 23rd Street

12 Beds

None Baths

6,936 Sq.Ft.

$1,049,000

MLS#: 25584531

New on site 3 days ago
Hancock Park South Next to Tennis Court Park , Complete ADU at the back of the existing parking building will make the building value go up to $500k . Public record show 2=1+1 , but currently 1=2+2 & 1=2+1 , Buyer to check with city .
#25592435

Los Angeles

1241 S Muirfield Road

4 Beds

None Baths

1,595 Sq.Ft.

$1,100,000

MLS#: 25592435

New on site 3 days ago
A fantastic opportunity to acquire a turnkey recently remodeled Duplex in a prime Westside location. Both units are clean, bright, and very nicely appointed. The building has an attached two car garage with laundry. The front unit is 1 bedroom & 1 bath with a very nice outdoor area that feels cozy and private. The rear unit is 2 bedrooms & 2 baths. This is a fantastic investment opportunity to acquire a property with enduring value that is currently occupied by two fantastic Tenants that have paid in full on time for the duration of their Tenancy. Close to famous Venice Beach, Silicon Beach, Santa Monica pier, and all the best the Westside has to offer. Easy access to the 405 is another bonus of this ideal location. The home is a triplex on title but is currently functioning as a duplex, with R3 zoning prospective buyers should look into the possibilities, such as converting garage to ADU or....???? Come and see this fantastic offering!
#25589075

Los Angeles

13013 Venice Boulevard

3 Beds

None Baths

1,140 Sq.Ft.

$1,149,000

MLS#: 25589075

New on site 3 days ago
Extremely nice very spacious property on a tree lined residential street, two on a lot, with a legal 2+2 ADU with a separate address that was built in 2019. In the front house there's an additional space off the living room that can be used as a separate office, gas burning fireplace, with a large family room. Original nice hardwood flooring throughout, central AC and heat, recessed lighting, with a separate breakfast room in kitchen, all appliances included with sale except laundry appliances. The ADU features two bedrooms & two full bathrooms, central AC and central heat, with recessed lighting throughout. In a word Beautiful! Both units will be delivered vacant at COE.
#25593241

Los Angeles

1493 W 47th Street

5 Beds

None Baths

2,516 Sq.Ft.

$1,140,000

MLS#: 25593241

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here