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120 N Westlake Avenue, Los Angeles, CA 90026
$1,325,000
120 N Westlake Avenue, Los Angeles, CA 90026View this property at 120 N Westlake Avenue, Los Angeles, CA 90026
120 N Westlake AvenueLos AngelesCA90026
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Property Description
Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake - Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request.
Full Property Details
Full Property Details for 120 N Westlake Ave
General
- Sold For: $1,325,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23094193
- Added to Site: 335 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: C21 - Silver Lake - Echo Park
- County: Los Angeles
- Development Name: C21 - Silver Lake - Echo Park
- Driving Directions: N of Beverly S of Alvarado
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 7,000
- Year Built: 1922
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 5
- Bedrooms: 6
Unit 2
- Number of Units: 2
- Total Bathrooms: 4
- Bedrooms: 5
Unit 3
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1377
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $189.29
- Price Per Unit: 280000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Sync Brokerage, Khanjani Realty Group
Sold by Century 21 A Better Service, Chris Limon
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Schools
Schools serving 120 N Westlake Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
Lake Street Primary School
135 N Lake St, Los Angeles, CA 90026 | K-1 | 0.2 mi | |
421 Rosemont Ave, Los Angeles, CA 90026 | 2-5 | 0.4 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 6-8 | 0.4 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 N Westlake Ave
Date
Details
Price
Change
Source
10/31/2023
Sold
$1,325,000
-5.36%
MLS
5/30/2023
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
120 N Westlake Avenue, Los Angeles, CA 90026 (MLS# SR23094193) is a Multi-Family property that was sold at $1,325,000 on October 31, 2023. Want to learn more about 120 N Westlake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.