21 days on rocket

1115 S Westgate Ave, Los Angeles, CA, 90049

$2,900,000

0.16 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewNone
MLS #24462561
Lot Size0.16 Acres
StatusActive

About 1115 S Westgate Ave

"Plans are approved and ready to be pulled. This piece of land creates a rare and tremendous opportunity to develop multi units building in the highly desirable Brentwood neighborhood. This 6,900 SF land with 77 feet frontage on Westgate Ave., has been approved for "by-right" development of a four (4) story, eight (8) units apartment building (To be built to "condo spec") one (1) level of subterranean parking. Permits are ready to be issued (RTI ready). However, recent changes in zoning and/or ordinances (To allow more housing due to housing and affordability housing shortage in Los Angeles), there could be alternative development opportunities this land may be used for, such as 1) After five (5) years of renting the units, the units could be revisited and turned into eight (8) condos with the current parking structure (Buyer is to independently conduct research to verify) OR 2) By making a few adjustments to the plans, the development could be switched to a six (6) condo project, OR New plans could be drawn for seventeen (17) one bedroom apartment building, three (3) of which would have to be allocated for "low income housing" (Buyer is to independently verify). Property is close to UCLA, VA hospital, Westwood Village, shops and restaurants and both the 405 and 10 freeways."

Property Details

Property Features

Listing Office:

  • Office Name: Timothy C. Macker Jr.
  • Office Phone: (310) 966-4352
  • Listing Agent: Timothy Macker

Exterior Features

Exterior Information:

  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: S Westgate Ave between Kiowa Ave and Goshen Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000

Tax Information:

  • Annual Amount: $10,852
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1115 S Westgate Ave vs Los Angeles

21 DAYS ON ROCKET

-17 Days

$2,900,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24462561

Listing Office:

  • Office Name: Timothy C. Macker Jr.
  • Office Phone: (310) 966-4352
  • Listing Agent: Timothy Macker

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: 12/3/2024, 1:20:58 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

May 04, 2018Home Sold
$2,445,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,852$916,626
2020$10,579$907,228
2019$704$889,440
2018$692$51,227
2017$692$50,223

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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NMLS#3030

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-3503094
6
/10
  • Brockton Avenue Elementary

  • 1309 Armacost Ave

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-3503095
6
/10
  • Brentwood Science Magnet

  • 740 S Gretna Green Way

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-3503096
6
/10
  • Nora Sterry Elementary School

  • 1730 Corinth Ave

  • 1.05 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $100,754. Typical income of Los Angeles, CA residents is between $100k-200k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1115 S Westgate Ave

What is the listing price of this property?

The listing price of 1115 S Westgate Ave property is $2,900,000.

What type of property is this?

The property 1115 S Westgate Ave is land located in Los Angeles, California, 90049.

Is this property for sale now?

Active Listing: 1115 S Westgate 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 $10,852 (source: MLS/based on county public records data).

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

The last sale was on May 4, 2018 for $2,445,000. (source: MLS/tax record).

How much acreage is this property?

The property 1115 S Westgate Ave is 0.16 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900491115 S Westgate Ave

This home is located at 1115 S Westgate Ave in Los Angeles, CA and zip code 90049 in the Westgate neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $2,900,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, 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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