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120 Westlake Avenue
Los Angeles, CA 90026
Sold
120 Westlake Avenue
Los Angeles, CA 90026
Sold
Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) 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: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. 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 permits will be sent upon request.
PROPERTY INFORMATION
| MLS # | SR23094193 | Lot Size | 6,000 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 1,400,000
Price Per SqFt: $ 200 |
DOM | 704 Days |
| Address | 120 Westlake Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,000 Sq. Ft. |
| Postal Code | 90026 | Garage | 6 |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 14 / 0 | Parking | 12 |
| Built In | 1922 | Status | Closed |
| Sold Date | 2023-10-31 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,493
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/30/2023 | Listed | $1,400,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Rana Khanjani, Sync Brokerage. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
