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Off market
  • $1,168,600

    1216 S Westmoreland Ave, Los Angeles, CA 90006

    7beds
    5baths
    4,619sqft
    MultiFamily
    Built in 1936
    -- sqft lot
    $1,168,600 Zestimate®
    $253/sqft
    $2,798 Estimated rent

    Home value

    $1,168,600

    $1.02M - $1.33M

    $2,798/mo

    Zestimate® history
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    Rent Zestimate®

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    $7,537/mo

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    What's special

    Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 3 of the units are currently occupied by tenants and 1 vacant unit. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Heating
    • Other
    Cooling
    • Other
    Appliances
    • Included: Garbage disposal, Range / Oven
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 4,619 sqft

    Property

    Parking
    • Total spaces: 8
    Lot
    • Size: 0.27 Acres
    Details
    • Parcel number: 5076018015

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1936

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $253/sqft
    • Tax assessed value: $430,333

    Price history

    DateEventPrice
    2/9/2025Listing removed$2,990,000$647/sqft
    Source: CLAW #24-429195 Report a problem
    8/30/2024Price change$2,990,000-6.6%$647/sqft
    Source: CLAW #24-429195 Report a problem
    8/18/2024Listed for sale$3,200,000+18.5%$693/sqft
    Source: CLAW #24-429195 Report a problem
    7/1/2022Listing removed--
    Source: CLAW #21-760224 Report a problem
    7/21/2021Listed for sale$2,700,000+864.3%$585/sqft
    Source: CLAW #21-760224 Report a problem
    8/3/2000Sold$280,000-7.7%$61/sqft
    Source: Public Record Report a problem
    4/14/1999Sold$303,218$66/sqft
    Source: Public Record Report a problem
    8/25/1998Sold$303,218+2.8%$66/sqft
    Source: Public Record Report a problem
    8/12/1997Sold$295,000$64/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $430,333 +2%
    2025$5,790 +1.6%$421,896 +2%
    2024$5,698 +1.7%$413,625 +2%
    2023$5,603 +4.3%$405,516 +2%
    2022$5,371 +1.7%$397,565 +2%
    2021$5,279 -0.8%$389,770 +1%
    2020$5,322 $385,774 +2%
    2019$5,322 +7.9%$378,211 +2%
    2018$4,934 $370,796 +2%
    2017$4,934 +2%$363,526 +2%
    2016$4,837 +3.4%$356,399 +1.5%
    2015$4,678 +0.4%$351,046 +2%
    2014$4,658 $344,170 +2.5%
    2012-- $335,899 +2%
    2011-- $329,314 +0.8%
    2010-- $326,853 -0.2%
    2009-- $327,631 +2%
    2008-- $321,207 +2%
    2007-- $314,910 +2%
    2006-- $308,736
    2005-- $308,736 +4%
    2004-- $296,749 +1.9%
    2003-- $291,311 +2%
    2002-- $285,600 +34.6%
    2000-- $212,160
    Find assessor info on the county website

    Neighborhood: Koreatown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,168,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,168,600