R
Seller's Agent in 2013
Ron Escobar
eXp Realty of California Inc
2014 W 8th St Los Angeles, CA 90057
Westlake Neighborhood
8
Beds
8
Baths
32,616
Sq Ft
11,115
Sq Ft Lot
About This Home
As of November 2013Sold together with 807 S Westlake Ave. Los Angeles CA 90057 Both buildings are sold for $6.5Million.Two side-by-side buildings totaling 85 units.Great location! Squeezed between New Downtown LA and Korea Town. This is one of the most dense zip codes. Almost 60,000 people per square mile. The buildings yearn for good management and a little TLC. They need paint, floor refinish, some electrical upgrades and to separate the central gas meter into individual meters.30% to 40% upside in rents. Currently almost a 6% CAP... double-digit CAP after you get it stabilized... all in an area that will soon be absorbed by the New Downtown LA Expansion! Opportunity for seller financing as well!
Last Agent to Sell the Property
Ron Escobar
eXp Realty of California Inc License #01460645 Listed on: 04/13/2013
Last Buyer's Agent
Ron Escobar
eXp Realty of California Inc License #01460645 Listed on: 04/13/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 0.26 Acre Lot
Interior Spaces
- 32,616 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 10 Parking Spaces
- Automatic Gate
Community Details
- 2 Buildings
- 48 Units
Listing and Financial Details
- Assessor Parcel Number 5141-020-009
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2013 11/15/13 | Sold | $5,875,000 | -9.6% | $180 / Sq Ft |
| 05/10/2013 05/10/13 | Pending | -- | -- | -- |
| 04/13/2013 04/13/13 | For Sale | $6,500,000 | -- | $199 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $111,217 | $9,115,776 | $5,932,152 | $3,183,624 |
| 2024 | $111,217 | $8,937,036 | $5,815,836 | $3,121,200 |
| 2023 | $107,032 | $8,590,000 | $5,590,000 | $3,000,000 |
| 2022 | $44,186 | $3,451,027 | $924,122 | $2,526,905 |
| 2021 | $43,477 | $3,383,360 | $906,002 | $2,477,358 |
| 2019 | $69,565 | $5,629,265 | $4,080,000 | $1,549,265 |
| 2018 | $42,066 | $3,237,904 | $861,894 | $2,376,010 |
| 2016 | $39,925 | $3,093,658 | $828,427 | $2,265,231 |
| 2015 | $39,377 | $3,047,190 | $815,984 | $2,231,206 |
| 2014 | $39,695 | $2,987,500 | $800,000 | $2,187,500 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: The MLS
MLS Number: 13-664951
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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