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$1,290,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 4 days ago
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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.

Full Property Details for 1040 S Westlake Ave

General

  • Price: $1,290,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25592497
  • Updated: 2/1/2026
  • Added to Site: 141 day(s) ago

Interior

  • Interior Features: None
  • Cooking Appliances: None
  • Flooring: Hardwood, Other

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Area

Additional Information

  • Shared Amenities: None
  • Pool Description: None
  • Spa Description: None
  • Security/Safety: Carbon Monoxide Detector(s), Gated, Smoke Detector
  • Other Features: None

Exterior

  • Deck/Patio: None

Parking

  • Garage Description: Carport, Community Garage

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Cross Streets: Olympic Blvd
  • Driving Directions: E. of Alvardo / S. of Olympic
  • Direction Faces: South

School Information

  • School District: Los Angeles Unified

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Sewer: In Street
  • Water: Public
  • TV Service: Cable TV

Structural Information

  • # Buildings: 1
  • Basement Desc.: None
  • Foundation: None
  • Roof: Composition, Shingle
  • Disability Access: None
  • Entry Location: Main Level
  • Stories/Levels: 2
  • Square Feet: 3,007
  • Sq. Ft. Source: Title Company
  • Year Built: 1900
  • Year Built Source: Vendor Enhanced
  • Property Condition: No Additions/Alter

Unit Information

  • Units in Complex: 1
  • Unit Type: 2106

Unit 1

  • Total Bathrooms: 3
  • Bedrooms: 9

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.1722
  • Lot Size: 7502
  • Lot Size Source: Vendor Enhanced
  • Alley: Yes
  • Irrigation System: None
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $429
  • Assessment Year: 1900
  • Owner Pays: Electricity, Gas, Water
  • Tenant Pays: Move In Fee

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5136-011-007
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 1040 S Westlake Ave —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1040 S Westlake Ave

School District:Los Angeles Unified School District
NameGradesDistance
Tenth Street Elementary School
1000 Grattan Street, Los Angeles, CA 90015
1-50.4 mi
John H. Liechty Middle School
650 South Union Avenue, Los Angeles, CA 90017
7-80.7 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1040 S Westlake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2025
Listed
$1,290,000
156.21%
MLS
7/18/2014
Sold
$503,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1040 S Westlake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,759
3%
$605,123
4%
2023
$7,519
5%
$581,627
2%
2022
$7,186
1%
$570,223
2%
2021
$7,084
-1%
$559,043
1%
2020
$7,151
4%
$553,312
2%
2019
$6,881
2%
$542,464
2%
2018
$6,727
2%
$531,828
2%
2017
$6,587
3%
$521,401
2%
2016
$6,413
1%
$511,178
2%
2015
$6,323
33%
$503,500
39%
2014
$4,749
—
$361,833
—
2013
$4,743
—
$360,198
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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1040 S Westlake Ave, Los Angeles, CA 90006 (MLS# 25592497) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 1040 S Westlake Ave is currently listed for $1,290,000 and was received on September 17, 2025. This property is listed by Jenny Chow from our Hancock Park Office.Want to learn more about 1040 S Westlake Ave? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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