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Image 1 - 1216 S Westmoreland Ave, Los Angeles, California, 90006 - House for sale
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S Westmoreland Ave, Los Angeles, Home For Sale
1216 S Westmoreland Ave, Los Angeles, California, 90006

S Westmoreland Ave, Los Angeles, Home For Sale

house for sale
Listed: 08/21/24

1216 S Westmoreland Ave, Los Angeles, California, 90006

7 Bed:
5 Bath:
Save
Price
$ 3,2M

About This House

Attention to all investors, the property consists of large11, 704square 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 in1936. 1of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units areVACANT.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.

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Pico-Union Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.