This is a probate sale requiring court confirmation and is subject to overbidding process. Sale is as-is. Exceptional investment opportunity in a prime Koreatown / Westlake location. 1032 S Westlake Ave offers versatile multi-unit potential with strong income potential. The property is zoned LAR3 with Transient Lodging use and is… Read More located within an R3-1-HPOZ Historic Preservation Overlay Zone, presenting redevelopment and value-add possibilities (buyer to verify). Located just blocks from the Westlake/MacArthur Park station, the surrounding neighborhood offers proximity to popular destinations including USC and Loyola Law School, Crypto Arena and Downtown LA, providing convenient access to major employment hubs throughout Los Angeles near Koreatown. There is ample parking for 7 cars with convenient alley access. With strong potential income, multi unit configuration possibilities, and redevelopment upside, this offering presents a compelling opportunity for investors seeking a centrally located asset, especially with the highly anticipated upcoming sports events of 2028.See floor plan reflecting the following: Upstairs: 3 Bedrooms / 2 Bathrooms Bottom: 2 Bedrooms / 1 Bathroom plus separate 1 bedroom with 1 bathroom Rear: 1 Bedroom / 2 Bathrooms. Per the Special Administrator, permits were initiated to add rooms and convert the home into multi units. Home was previously in the process of being remodeled.Buyers are advised to independently conduct their own due diligence regarding the status of permits, square footage, zoning regulations, use, development standards, income potential, HPOZ requirements, and all redevelopment potential to their full satisfaction.Neither the listing agent nor the brokerage shall be held responsible for any inaccuracies or typographical errors. Information provided is deemed reliable but is not guaranteed. Buyer to perform due diligence to investigate all matters and assume all responsibility. Read Less
Property listed by Keller Williams Los Angeles, Esther Clauson [email protected]
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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