120 North Westlake Avenue
120 North Westlake Avenue
$1,325,000
4
2
1,808
1,808
$733
Closed 11/1/23
Description
Welcome to 120-122 N Westlake Ave. Investor's dream! Shovel Ready. 4 Units RTI Issued and Ready plus ADU (plans/RTI) in Silver Lake – Echo Park! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,4M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.2M. The property...Welcome to 120-122 N Westlake Ave. Investor's dream! Shovel Ready. 4 Units RTI Issued and Ready plus ADU (plans/RTI) in Silver Lake – Echo Park! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,4M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.2M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and Plans will be sent upon request.
- Listed by Rana Khanjani • DRE #02021891 • Brokerage DRE #02031490 • Sync Brokerage • 818-723-9071
Property Details for 120 North Westlake Avenue
View
Neighborhood
Parking Spaces Total6
Private PoolNo
Cooling TypeCentral Forced Air
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1808
Location
LISTING UPDATED: 11/01/2023 03:12 AM
Property Details for 120 North Westlake Avenue
Status | Closed |
---|---|
MLS # | SR23094247 |
Days on Market | 118 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1922 |
Lot Size | 0.14 AC / 6,000 SF |
County | Los Angeles County |
Location
Building Information for 120 North Westlake Avenue
Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,000 SF
Payment Calculator
$8,228 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 120 North Westlake Avenue
Property History for 120 North Westlake Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 120 North Westlake Avenue
Taxable ValueLand$714,000Additions$255,000Total$969,000
Tax Record2023$11,969 ($997 / month)
Home Facts
Total Finished SqFt1,808 SqFtAbove Grade Finished SqFt1,808 SqFtLot Size6,000 SqFtStyleDuplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5157-027-008
Schools near 120 North Westlake Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 1 | |||
Public - | 2 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lake Street Primary School PublicK to 1 | ||
Rosemont Avenue Elementary School Public2 to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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