2 months on rocket

1020 S Westlake Ave, Los Angeles, CA, 90006

$1,690,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
5 Baths
2,775 SqFt
$609/SqFt
House

Location

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1020 S Westlake Ave, Los Angeles$1,690,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCarport
Year Built1903
HeatingFloor Furnace
CoolingNone
MLS #24438343
Lot Size0.17 Acres
StatusActive

About 1020 S Westlake Ave

Prime High-Cap Property for Sale! Situated in a highly desirable area with excellent potential for significant returns, currently achieving 100% occupancy. The property benefits from dual access points both front and back as well as a spacious backyard, offering exceptional flexibility for adding an additional dwelling unit. This feature allows for numerous opportunities to increase rental income or tailor the space to meet various needs, supporting substantial growth and adaptability. Close proximity to USC, retail stores, freeway access, and entertainment venues, enhancing the property's appeal to a broad range of tenants.

Property Details

Property Features

Property Information:

  • Year Built: 1903
  • Stories: 2
  • Living Area: 2,775 SqFt

Listing Office:

  • Office Name: Neozips Realty, Inc.
  • Office Phone: (661) 675-6000
  • Listing Agent: Jina Hee Chon

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: E of Alvarado from Olympic Blvd, turn Right into Westlake Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,690,000
  • Price Per SqFt: $609/SqFt

Tax Information:

  • Annual Amount: $12,012
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1020 S Westlake Ave vs Los Angeles

66 DAYS ON ROCKET

+28 Days

$1,690,000

+$666.5K More

$609/SqFt

-$32 Less

KEY TAKEAWAY

This property is $666.5K more than the Median Sold Price and $32/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24438343

Listing Office:

  • Office Name: Neozips Realty, Inc.
  • Office Phone: (661) 675-6000
  • Listing Agent: Jina Hee Chon

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 08, 2020Home Sold
$22,500
Dec 19, 2014Home Sold
$559,000
Dec 18, 2001Home Sold
$275,000
Apr 19, 2001Home Sold
$170,000
Aug 14, 1998Home Sold
$183,000
Apr 29, 1993Home Sold
$165,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,012$980,000
2020$10,149$838,883
2019$9,994$822,435
2018$9,782$806,310
2017$9,782$790,500

History based on county public records data.

Payment Calculator

$8,502

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,133

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-489786
7
/10

  • Equitas Academy #3 Charter

  • 1050 Beacon Ave

  • 0.23 miles

  • Public Charter Grades KG-4

school-card-donut-489787
4
/10

  • 10th Street Elementary School

  • 1000 Grattan St

  • 0.36 miles

  • Public District Grades 1-5

school-card-donut-489788
6
/10

  • Equitas Academy Charter

  • 1700 W Pico Blvd

  • 0.40 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,742. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1020 S Westlake Ave

What is the listing price of this property?

The listing price of 1020 S Westlake Ave property is $1,690,000.

What type of property is this?

The property 1020 S Westlake Ave is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1020 S Westlake Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,012 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 8, 2020 for $22,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1020 S Westlake Ave has 10 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 1020 S Westlake Ave is 2,775 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1020 S Westlake Ave is 1903.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1020 S Westlake Ave

This home is located at 1020 S Westlake Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 2,775 square foot home, which was built in 1903, sits on a 0.17 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $1,690,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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