Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.
Property Details
Property Features
Property Information:
Stories: 2
Listing Office:
Office Name: Real Estate eBroker Inc.
Office Phone: (760) 722-3222
Listing Agent: Sung Oh
Interior Features
Interior Information:
Appliances: Disposal, Range
Flooring Type: Wood
Bedroom and Bathroom Information:
Total Bedroom Count: 7
Lot Features
Lot Information:
Lot Size: 0.27 Acres
Other
Directions Information:
Directions: North of Pico Boulevard, South of Olympic Boulevard, West of Hoover Street and east of Vermont Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $2,990,000
Tax Information:
Annual Amount: $5,279
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M 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: #24429195
Listing Office:
Office Name: Real Estate eBroker Inc.
Office Phone: (760) 722-3222
Listing Agent: Sung Oh
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: 11/22/2024, 10:20:52 AM 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
Aug 12, 1997
Aug 12, 1997Home Sold
$295,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,279
$389,770
2020
$5,135
$385,774
2019
$4,933
$378,211
2018
$4,837
$370,796
2017
$4,837
$363,526
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Politi Elementary School
2481 W 11th St
Distance between this listing and this school0.20 miles
Public District Grades KG-5
4
/10
Magnolia Avenue Elementary School
1626 Orchard Ave
Distance between this listing and this school0.35 miles
Public District Grades PK-5
7
/10
Hoover Street Elementary
2726 Francis Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-5
Nearby Schools
4
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.31 miles
Public District Grades 6-8
2
/10
Monsenor Oscar Romero Charter Middle School
2670 W 11th St
Distance between this listing and this school0.34 miles
Public Charter Grades 6-8
5
/10
Equitas Academy #2
2723 W 8th St
Distance between this listing and this school0.69 miles
Public Charter Grades 5-8
Nearby Schools
6
/10
University Preparatory Value High School
1929 W Pico Blvd
Distance between this listing and this school0.46 miles
Public Charter Grades 9-12
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.62 miles
Public District Grades 9-12
4
/10
RFK Community Schools - New Open World Academy
3201 W 8th St
Distance between this listing and this school0.84 miles
The neighbors living near this home have an average income of $34,318. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1216 S Westmoreland Ave
What is the listing price of this property?
The listing price of 1216 S Westmoreland Ave property is $2,990,000.
What type of property is this?
The property 1216 S Westmoreland Ave is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 1216 S Westmoreland 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 $5,279 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 12, 1997 for $295,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1216 S Westmoreland Ave has 7 bedrooms and 5 bathrooms.
Interested in 1216 S Westmoreland Ave? Let's connect.
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This home is located at 1216 S Westmoreland Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This home sits on a 0.27 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $2,990,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
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. 
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