NOT LISTED FOR SALE

1121 N Westmoreland Ave Los Angeles, CA 90029

East Hollywood Neighborhood
7 Beds
5 Baths
10,974 Sq Ft
0.26 Acres

Last Sold September 07, 2021

Last sale price $2,770,000 $252 Per Sq Ft

43 Days on Market

Highlights

  • Laundry Room
  • John Marshall Senior High Rated A
  • 4-minute walk to Madison Avenue Park

About This Home

As of September 2021

PRICE REDUCED $251,000! Seller motivated. Soft-story retrofits completed. Three buildings on two lots. 1121 is a 4-plex with separate water heaters. 1125 is 7 a seven-unit building, and 1118 Lymar Place is an adjacent 4-plex. All units are separately metered for gas and electric. Good unit mix with one 4-bedroom and 2-bath; five 2-bedroom, 1-bath; six 1-bedroom, 1-bath and three studios. On-site laundry, 20 parking space, pitched roof. Newer hardwood floors and ceramic tile (most units). These two lots sold and three buildings to be sold together. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants or sellers.

Last Agent to Sell the Property

Daniel Corcoran

Corcoran Group of California Inc. License #00451125 Listed on: 04/15/2021

Corcoran Group of California Inc.

Co-Listed By

Kim Suman

Corcoran Group of California Inc. License #01437996

Last Buyer's Agent

Daniel Corcoran

Corcoran Group of California Inc. License #00451125 Listed on: 04/15/2021

Corcoran Group of California Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • 5542-027-026

Home Design

  • 10,974 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 191301
  • Assessor Parcel Number 5542027024

Community Details

Overview

  • 3 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $11,328
  • Insurance Expense $8,553
  • Trash Expense $2,903
  • New Taxes Expense $26,099
  • Operating Expense $70,650
  • Gross Income $320,005
  • Net Operating Income $239,754

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Co Agent Kim
  • Other Phone Number: 9097147916
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5542027024
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 252.41

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2903.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5542-027-026
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11450.00
  • Lot Size Acres: 0.2629

Multi Family

  • Electric Expense: 11328.00
  • Gross Income: 320005.00
  • Gross Operating Income: 310405.00
  • Gross Scheduled Income: 320005.00
  • Insurance Expense: 8553.00
  • Lot Size Area: 11450.0000 Square Feet
  • Net Operating Income: 239754.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 70650.00
  • Rent Control: Yes
  • Total Expenses: 70650.00
  • Vacancy Allowance: 9600

Tax Info

  • New Taxes Expense: 26099.00
  • Tax Census Tract: 1913.01
  • Tax Lot: 35
  • Tax Tract Number: 191301

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $2,770,000 -30.7% $252 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $3,999,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Corcoran

    Corcoran Group of California Inc.

    (310) 435-9106

    1 in this area

    24 Total Sales

    Daniel Corcoran
    Section Image
  • Kim Suman

    Seller Co-Listing Agent in 2021

    Kim Suman

    Corcoran Group of California Inc.

    (909) 714-7916

    1 in this area

    6 Total Sales

    Kim Suman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21079538

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90029 East Hollywood

1121 N Westmoreland Ave, Los Angeles, CA

This home is located at 1121 N Westmoreland Ave, Los Angeles, CA 90029 since 15 April 2021. This property was built in 1931. 1121 N Westmoreland Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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