5 months on rocket

1319 S Westmoreland Ave, Los Angeles, CA, 90006

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1319 S Westmoreland Ave, Los Angeles$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage6 spaces
Year Built2024
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #OC24149643
Lot Size0.16 Acres
StatusActive

About 1319 S Westmoreland Ave

The property consists of four units: two units in the front, each with 4 beds and 3 baths, and two units in the back, each with 3 beds and 3.5 baths. This brand new, highly upgraded 4-unit property is in turnkey condition, perfect for owner occupancy, investment, or 1031 exchange. It is located 1.2 miles from the LA Downtown Convention Center, 1.6 miles from USC, and just 0.6 miles from a variety of multinational food options and KFood, Kpop shopping within walking distance. Parking is available in the back, with each unit having 2 parking spots. Three units have garage parking, with two units having direct access to the garage. The property features laminated flooring, tile in the kitchen and bath, and the owner has paid off the solar, so you can enjoy lower costs in electricity. The units are painted with elegant custom colors and feature custom kitchens with granite countertops and modern cabinets. Each unit comes with an oven, refrigerator, window coverings, window screens, central AC, and heating.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 2

Listing Office:

  • Office Name: Olsen Realty
  • Office Phone: (949) 533-0787
  • Listing Agent: Douglas Olsen

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 6 spaces

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: PICO and Vermont

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $5,326
  • 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

1346

1319 S Westmoreland Ave vs Los Angeles

150 DAYS ON ROCKET

+112 Days

$2,500,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M 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: #OC24149643

Listing Office:

  • Office Name: Olsen Realty
  • Office Phone: (949) 533-0787
  • Listing Agent: Douglas Olsen

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: 12/18/2024, 8:20:59 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

May 28, 1993Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,326$423,739
2020$5,172$419,395
2019$5,042$411,172
2018$4,936$403,111
2017$4,936$395,207

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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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-4468435
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-4468436
2
/10

  • Politi Elementary School

  • 2481 W 11th St

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-4468437
6
/10

  • Equitas Academy Charter

  • 1700 W Pico Blvd

  • 0.65 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 $27,708. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1319 S Westmoreland Ave

This home is located at 1319 S Westmoreland Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This home, which was built in 2024, sits on a 0.16 acre lot. It has been listed on Rocket Homes since July 21, 2024 and is currently priced at $2,500,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 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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