Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often — and when they do, they tend to move quickly.
For sale
Listed by: Golden Compass Realty, Inc • Robert Chou • Contact: Robert@goldencompassre.com
Price cut: $200K (5/31)
$3,200,000
517 Loma Dr, Los Angeles, CA 90017
126beds
78baths
8,704sqft
:
Get pre-qualified$21,402/mo
Multi Family
Built in 1954
-- sqft lot
$3,070,900 Zestimate®
$368/sqft
$-- HOA
What's special
- 169 days |
- 30 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Robert Chou DRE #01897029 Robert@goldencompassre.com,
Golden Compass Realty, Inc
Source: CRMLS,MLS#: OC26040247
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 126
- Bathrooms: 78
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 8,704
- Total interior livable area: 8,704 sqft
Property
Parking
- Total spaces: 10
- Parking features: Assigned, Carport
- Carport spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: side of building.
- Pool features: None
Lot
- Size: 7,620 Square Feet
- Features: Near Park, Near Public Transit, Rectangular Lot, Walkstreet
Details
- Parcel number: 5153006015
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks, Urban, Park
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $368/sqft
- Date on market: 2/23/2026
- Cumulative days on market: 170 days
- Listing terms: Cash to Existing Loan,1031 Exchange
- Tenant pays: Cable TV, Electricity, Gas, Parking Fee
Estimated market value
$3,070,900
$2.92M - $3.22M
$2,691/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Price change | $3,200,000-5.9%$368/sqft |
Source:  CRMLS #OC26040247 Report a problem | ||
| 3/18/2026 | Price change | $3,400,000-2.9%$391/sqft |
Source: CRMLS #OC26040247 Report a problem | ||
| 2/24/2026 | Listed for sale | $3,500,000$402/sqft |
Source: CRMLS #OC26040247 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Westlake
Nearby schools
GreatSchools rating
- 4/10Gratts Learning Academy For Young Scholars (GLAYS)Grades: K-5Distance: 0.3 mi
- 2/10John H. Liechty Middle SchoolGrades: 6-8Distance: 0.2 mi
- 5/10Miguel Contreras Learning Complex SchoolGrades: 9-12Distance: 0.4 mi
- $--1 bd1 ba600 sqft507 Loma Dr APT 210, Los Angeles, CA 90017Off Market
- $--1 bd1 ba600 sqft507 Loma Dr APT 110, Los Angeles, CA 90017Off Market
- $1,135,2001 bd1 ba500 sqft507 Loma Dr APT 108, Los Angeles, CA 90017Off Market
- $---- bd1 ba375 sqft507 Loma Dr #0B-1BA-375SQFT, Los Angeles, CA 90017Off Market
- $--2 bd2 ba-- sqft507 Loma Dr #F320A52C6, Los Angeles, CA 90017Off Market
- $--1 bd1 ba-- sqft507 Loma Dr #776F18CCB, Los Angeles, CA 90017Off Market
- $---- bd1 ba400 sqft507 Loma Dr #A515172B0, Los Angeles, CA 90017Off Market
- $1,395-- bd1 ba400 sqft507 Loma Dr APT 207, Los Angeles, CA 90017For Rent
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
