714-745-2708

1032 S Westlake Avenue, Los Angeles, CA 90006

$1,000,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Esther Clauson | esther@estherclausonrealestate.com
Lic#: 02031778
Broker: Courtesy of Keller Williams Los Angeles
Phone: (626) 244-7480

Agent Remarks

Exceptional investment opportunity in a prime Koreatown / Westlake location. The process to convert the home into a duplex plus back unit began in 2019. 1032 S Westlake Ave offers versatile multi-unit potential with strong income potential. The property is zoned LAR3 with Transient Lodging use and is located within an R3-1-HPOZ Historic Preservation Overlay Zone, presenting redevelopment and value-add possibilities. 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.

Listing Details

Trust & Probate

Property type: Single Family Residence (Multi-Family)

Status: Active

MLS# P1-26606

List price is $1,000,000 Reduced by $100,000 on 6/19/2026

Price: $1,000,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1902

2 stories

0.17 acres

Lot size: 0.1722

Subdivision: Not Applicable

County: Los Angeles

Property style: Bungalow

Zoning: LAR3

Construction: Vinyl Siding

Interior features: Granite Counters,High Ceilings,Walk-In Pantry,Walk-In Closet(s)

Appliances: Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Water Heater

Parking description: Concrete

Lot description: Sprinklers None

Heating/cooling: Wall/Window Unit(s)

Heating description: None

MLS area: C42 - Downtown L.A.

Last Updated: 7/24/2026

Days On Market (DOM): 184

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This listing belongs to the C42 - Downtown L.A. MLS area

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The style of this listing is Bungalow.
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Lat/Long: 34.050242, -118.278932.
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