NOT LISTED FOR SALE

807 S Westlake Ave Los Angeles, CA 90057

Westlake Neighborhood
3 Beds
7 Baths
24,882 Sq Ft
0.26 Acres

Last Sold November 15, 2013

Last sale price $5,750,000 $231 Per Sq Ft

27 Days on Market

About This Home

As of November 2013

Sold together with 2014 W 8th St. Los Angeles CA 90057. The price for both buildings is $6.5M. 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

Ronald Escobar

eXp Realty of California Inc License #01460645 Listed on: 04/13/2013

Last Buyer's Agent

Ronald Escobar

eXp Realty of California Inc License #01460645 Listed on: 04/13/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.26

Home Design

  • 24,882 Sq Ft Home

Parking

  • 10 Parking Spaces
  • Driveway

Additional Features

  • 7 Bathrooms
  • 0.26 Acre Lot

Community Details

  • 2 Buildings
  • 38 Units

Listing and Financial Details

  • Assessor Parcel Number 5141-020-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 24882
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 261.23

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 10

Lot Info

  • Assessed Improvement Value: 1809255
  • Assessed Land Value: 804113
  • Assessor Parcel Number: 5141-020-008
  • Geocode Override: No
  • Lot Size Area: 11115

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.23
  • Number Of Units: 38
  • Rent Control: 100
  • Total Annual Expense: 534892
  • Type Of Units: residential
  • Vacancy Rate: 10

Range of Values:

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Average Value
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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
11/15/2013 11/15/13 Sold $5,750,000 -11.5% $231 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
04/13/2013 04/13/13 For Sale $6,500,000 -- $261 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Ronald Escobar

    eXp Realty of California Inc

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Map

Source: The MLS

MLS Number: 13-664955

The MLS

California Los Angeles County Los Angeles 90057 Westlake

807 S Westlake Ave, Los Angeles, CA

This home is located at 807 S Westlake Ave, Los Angeles, CA 90057 since 13 April 2013. This property was built in 1923. 807 S Westlake Ave is a home located in Los Angeles County with nearby schools including Macarthur Park Elementary School For The Visual And Performing Arts, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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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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