Listing Courtesy of Tannaz Kamran-Rahbar with Keller Williams Rlty Brentwood
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  • 7,748
Active Status Single Family Home
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MULTIFAMILY DEVELOPMENT IN OPPORTUNITY ZONE: R4-1 ZONED LOT WITH 7,748 SQFT LOT AREA PLUS REAR ALLEY, TOC TIER 3. Only 500 FEET TO METRO and MCARTHUR PARK!!! PRICED AT $53,000/DOOR. PACKAGE INCLUDES UN-ENTITLED LAND WITH CURRENT IMPROVEMENTS (4plex), ARCHITECTURAL PLANS FOR A 36 UNIT DEVELOPMENT PROJECT, SURVEY REPORT, TOC TIER 3 application approved for 36 units. McARTHUR PARK slated for A $20MM renovation. Currently a 4plex with $79,000 annual income and currently all units are 1bed, 1bath. 1.2miles from Downtown LA. Property sold AS-IS.

Address: 503 S WESTLAKE AVE
State: CA
City: Los Angeles City
County: Los Angeles
Zip Code: 90057
MLS#: 18385560
MLS Area: Downtown L.A. (C42)

Price History

Date Price Event Change MLS#:
1/28/2019 $1,925,000 List Price 18385560
1/28/2019 $1,925,000 List Price -3.27% 18385532
9/13/2018 $1,990,000 List Price 18385560
9/13/2018 $1,990,000 List Price 18385532

Nearby Schools

St. Nicholas Primary & Child Care(Preschool-3)
Camino Nuevo Charter Academy(K-8)4
Esperanza Elementary School(K-5)
Macarthur Park Elementary School For The Visual And Performing Arts(Preschool-5)
Charles White Elementary School(1-5)
N.E.W. Academy Of Science And Arts(K-5)5
Union Avenue Elementary School(Preschool-5)
Camino Nuevo Charter Academy(K-8)4
Harold Mcalister High (Opportunity) School(7-12)4
John H. Liechty Middle School(6-8)
Los Angeles Academy Of Arts & Enterprise Charter(6-12)3
Harold Mcalister High (Opportunity) School(7-12)4
Los Angeles Academy Of Arts & Enterprise Charter(6-12)3

Interior Details

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Exterior Details

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  • Pool:No
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  • Lot Description:
  • Lot Size:50x155
  • View:No View

Community Details

  • HOA:N $0/mo
    Fees Include:
  • Misc:Standard Sale

Rental Information

  • Rental Income:$0
  • Rental Number:0

Associated Agents

  • Listing Agent:Keller Williams Rlty Brentwood - Tannaz Kamran-Rahbar, CalBRE# 00951232

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Property Information Last Updated: 2/17/2019 9:05:58 PM
Listing Courtesy of Tannaz Kamran-Rahbar with Keller Williams Rlty Brentwood


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