We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Century Modern
Year Built: 1960
Stories: 2
Living Area: 7,391 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Peter James
Interior Features
Interior Information:
Appliances: Refrigerator, Dryer, Washer
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 13
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Parking: Covered, One Space, Side By Side
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: Westgate Ave south of Wilshire Blvd north of Texas Ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,200,000
Price Per SqFt: $433/SqFt
Tax Information:
Annual Amount: $10,636
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.1M more than the Median Sold Price and $207/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: #24415883
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Peter James
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: 12/11/2024, 6:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,636
$799,468
2020
$10,343
$791,271
2019
$10,185
$775,757
2018
$9,940
$760,547
2017
$9,940
$745,635
History based on county public records data.
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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.
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 school0.15 miles
Public District Grades KG-5
6
/10
Brentwood Science Magnet
740 S Gretna Green Way
Distance between this listing and this school0.79 miles
Public District Grades KG-5
6
/10
Nora Sterry Elementary School
1730 Corinth Ave
Distance between this listing and this school0.82 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 school1.48 miles
Public Charter Grades KG-7
6
/10
Emerson Community Charter
1650 Selby Ave
Distance between this listing and this school1.59 miles
Public Charter Grades 6-8
3
/10
Daniel Webster Middle School
11330 Graham Pl
Distance between this listing and this school1.91 miles
Public District Grades 6-8
Nearby Schools
6
/10
University High School Charter
11800 Texas Ave
Distance between this listing and this school0.07 miles
Public Charter Grades 9-12
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school0.82 miles
Public Charter Grades 6-12
6
/10
Magnolia Science Academy 4
11330 Graham Pl # B-9
Distance between this listing and this school1.92 miles
The neighbors living near this home have an average income of $81,652. The most common annual income of people living in Los Angeles, CA is between $35k-100k. 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 1256 S Westgate Ave
What is the listing price of this property?
The listing price of 1256 S Westgate Ave property is $3,200,000.
What type of property is this?
The property 1256 S Westgate Ave is a house located in Los Angeles, California, 90025.
Is this property for sale now?
Active Listing: 1256 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 $10,636 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1256 S Westgate Ave has 13 bedrooms and 11 bathrooms.
What is the square footage of this property?
The property 1256 S Westgate Ave is 7,391 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1256 S Westgate Ave is 1960.
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This home is located at 1256 S Westgate Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This 7,391 square foot home, which was built in 1960, sits on a 0.17 acre lot. Features: 13 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $3,200,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
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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