NOT LISTED FOR SALE

241 S Westlake Ave Los Angeles, CA 90057

Westlake Neighborhood
9 Beds
8 Baths
5,586 Sq Ft
6,233 Sq Ft Lot

Last Sold January 04, 2019

Last sale price $1,425,000 $255 Per Sq Ft

21 Days on Market

About This Home

As of January 2019

Probate Sale, subject to Court confirmation and overbidding in Court. Sale confirmation scheduled for Tuesday, November 27, 2018 at 8:30am in Dept. 11 at the Stanley Mosk Court House in Downtown LA. Asking price is the 1st minimum overbid amount. Contact listing agent for more details. Great 8-unit property in Westlake District close to St. Vincent Medical Center, Downtown LA, I-101, I-10, with excellent value added opportunity. For sale after 13 years. Full new roof done in 2013 with permits, and all new plumbing done with permits in 2016. Separately metered for gas and electricity. Subject to City of Los Angeles Rent control ordinance. Sold "As Is" And "Where Is". Buyer responsible for earthquake retrofit after COE. Seller will not provide termite report and/or clearance. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 07/30/2018

Last Buyer's Agent

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 07/30/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,233 Sq Ft Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,586 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Tandem Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5154-005-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5586
  • Probate: Yes
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate, Linoleum, Vinyl Tile
  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 267.95

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Garage: Covered Parking, Tandem
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Sewer: In Street
  • Water Expense: 8000.00

Fee Information

  • Gas Expense: 1600.00
  • Insurance Expense: 3500.00
  • Maintenance Expense: 11288.00
  • Management Expense: 5644.00
  • Other Expense: 2258.00
  • Trash Expense: 2700.00

Lot Info

  • Assessed Improvement Value: 320868
  • Assessed Land Value: 646580
  • Assessor Parcel Number: 5154-005-006
  • Geocode Override: No
  • Lot Size Area: 6233

Rental Info

  • Court Approve: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.26
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 53210
  • Type Of Units: Multi-family
  • Vacancy Rate: 5%

Tax Info

  • Tax Expense: 16837.00

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
01/04/2019 01/04/19 Sold $1,425,000 -4.8% $255 / Sq Ft
11/26/2018 11/26/18 Price Changed $1,496,750 -11.7% $268 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $1,695,000 -- $303 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2019

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    78 Total Sales

    Vinny Jain
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Map

Source: The MLS

MLS Number: 18-370570

The MLS
California Los Angeles County Los Angeles 90057 Westlake

241 S Westlake Ave, Los Angeles, CA

This home is located at 241 S Westlake Ave, Los Angeles, CA 90057 since 30 July 2018. This property was built in 1955. 241 S Westlake Ave is a home located in Los Angeles County with nearby schools including Union Avenue Elementary, Sal Castro Middle School, and Belmont High School.

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The MLS © 2025 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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