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Off market
  • $1,113,000

    123 N Westlake Ave, Los Angeles, CA 90026

    4beds
    2,240sqft
    MultiFamily
    Built in 1913
    -- sqft lot
    $1,113,000 Zestimate®
    $497/sqft
    $3,749 Estimated rent

    Home value

    $1,113,000

    $1.02M - $1.21M

    $3,749/mo

    Zestimate® history
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    What's special

    Open floor planNew paint

    3 - UNITS FOR SALE! 123, 125, 125 1/2 N. Westlake Ave, Los Angeles, CA 90026 POTENTIAL RENTS: Unit 1 - $2,500 Unit 2 - $1,600 Unit 3- $1,600 Note: {Property will be delivered vacant} Here's an incredible opportunity to own an income property just minutes away from Echo Park and a short 5 minute drive to Downtown Los Angeles. The location of this property couldn't be better. The property is 2 stories and sits on a street to street 5,995 sqft. lot. Main unit is located on 2nd floor and is a 2 bed 1 bath unit with a bonus room and full laundry hook ups. Through the years owner has made multiuple upgrades to the property keeping the property in great condition. 1st floor has 2 identical 1 bedroom 1 bath units. Large parking lot with plenty of parking space accessed through the automatic gate. Large standing room basement provides plenty of space for storage located at the rear of the property. Per seller lot is divided into 2 parcel numbers (Buyer to verify with the city of Los Angeles to satisfy themselves). Assessor shows 2 units, but Per owner, the third unit has the Grand Father Clause Per Assessors This is a great property offering lots of choices and potential for investors looking to expand and take advantage of the Downtown Los Angeles market.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Wall, Gas
    Cooling
    • Wall
    Appliances
    • Included: Dishwasher, Freezer, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Carpet, Hardwood
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,240 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage - Detached
    Features
    • Exterior features: Other
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: 5157026005

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1913

    Community & HOA

    Community
    • Features: On Site Laundry Available
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $497/sqft
    • Tax assessed value: $1,000,146
    • Annual tax amount: $12,339

    Price history

    DateEventPrice
    9/24/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    9/13/2021Listed for rent$2,995+3.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    3/31/2020Listing removed$1,249,000$558/sqft
    Source: Fara Salamat #20558516 Report a problem
    3/1/2020Listed for sale$1,249,000+42.1%$558/sqft
    Source: Fara Salamat #20558516 Report a problem
    1/10/2019Listing removed$2,895$1/sqft
    Source: PMI Golden State DRE#02008003 Report a problem
    12/30/2018Price change$2,895-3.3%$1/sqft
    Source: Zillow Rental Network Report a problem
    12/14/2018Listed for rent$2,995$1/sqft
    Source: Zillow Rental Network Report a problem
    5/24/2018Sold$879,000$392/sqft
    Source: Public Record Report a problem
    4/9/2018Pending sale$879,000$392/sqft
    Source: Berkshire Hathaway Hm Ser #RS18075447 Report a problem
    4/4/2018Listed for sale$879,000+17.2%$392/sqft
    Source: Berkshire Hathaway Hm Ser #RS18075447 Report a problem
    2/7/2015Listing removed$749,900$335/sqft
    Source: Exclusive Estate Properties I #SR14192630 Report a problem
    9/10/2014Listed for sale$749,900+120.6%$335/sqft
    Source: Exclusive Estate Properties I #SR14192630 Report a problem
    2/26/2013Listing removed$340,000$152/sqft
    Source: Exclusive Estate Properties, Inc. #SR13029573 Report a problem
    2/24/2013Listed for sale$340,000+172%$152/sqft
    Source: Exclusive Estate Properties, Inc. #SR13029573 Report a problem
    6/29/2007Sold$125,000$56/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,339 +1.4%$1,000,146 +2%
    2024$12,170 +1.9%$980,537 +2%
    2023$11,940 +4.8%$961,312 +2%
    2022$11,393 +1.6%$942,463 +2%
    2021$11,218 -0.9%$923,984 +1%
    2020$11,322 $914,511 +2%
    2019$11,322 +49.5%$896,580 +47%
    2018$7,573 $609,910 +2%
    2017$7,573 +2.2%$597,952 +2%
    2016$7,412 +2.5%$586,229 +14.9%
    2015$7,232 +43.1%$510,000 +27.5%
    2014$5,052 $400,000 -23.1%
    2012-- $520,000 +19.8%
    2011-- $434,000
    2010-- $434,000 -24.2%
    2009-- $572,220 +2%
    2008-- $561,000 +136.5%
    2007-- $237,225 +2%
    2006-- $232,575
    2005-- $232,575 +4%
    2004-- $223,546 +1.9%
    2003-- $219,449 +2%
    2002-- $215,147 +43.4%
    2000-- $150,000
    Find assessor info on the county website

    Neighborhood: Westlake

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,113,000
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    Estimated market value
    $1,113,000