"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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
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
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
DATE
EVENT
PRICE
May 04, 2018
May 04, 2018Home Sold
$2,445,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.5K
Per Month
Principal & Interest
$14.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,761
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Brockton Avenue Elementary
1309 Armacost Ave
Distance between this listing and this school0.30 miles
Public District Grades KG-5
6
/10
Brentwood Science Magnet
740 S Gretna Green Way
Distance between this listing and this school0.55 miles
Public District Grades KG-5
6
/10
Nora Sterry Elementary School
1730 Corinth Ave
Distance between this listing and this school1.05 miles
Public District Grades KG-5
Nearby Schools
7
/10
Citizens of the World Charter School Mar Vista
11561 Gateway Blvd
Distance between this listing and this school1.72 miles
Public Charter Grades KG-7
6
/10
Emerson Community Charter
1650 Selby Ave
Distance between this listing and this school1.75 miles
Public Charter Grades 6-8
7
/10
Paul Revere Charter School
1450 Allenford Ave
Distance between this listing and this school1.78 miles
Public Charter Grades 6-8
Nearby Schools
6
/10
University High School Charter
11800 Texas Ave
Distance between this listing and this school0.32 miles
Public Charter Grades 9-12
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school1.04 miles
Public Charter Grades 6-12
6
/10
Magnolia Science Academy 4
11330 Graham Pl # B-9
Distance between this listing and this school2.16 miles
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).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.