
Los Angeles, California 90006
This Spacious Spanish Colonial Revival is a Strong Value Opportunity, listed at $949,000—positioned well below the $955,401 Fair Market Value by 0.67%. This valuation gap offers $6,401 in Instant Equity. Featuring an Excellent Condition Rating with a renovated kitchen and mini-split HVAC, the property includes a flexible 870 sq ft bonus area. Its prime location near DTLA and Koreatown provides high rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multigenerational living potential.
Property is new construction or fully renovated.
Although built in 1903, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with shaker cabinetry and marble-look countertops, fully updated bathrooms with contemporary tile work, new flooring, and the installation of modern mini-split HVAC systems for climate control, placing it in mint, move-in condition.
The property includes an 870 sq ft upstairs bonus area with separate exterior access, offering significant potential for multigenerational living or rental income.
Extensive recent updates include a renovated kitchen with marble-look countertops, upgraded bathrooms, new flooring, and energy-efficient mini-split climate control systems.
Situated near Downtown LA, Koreatown, and USC, the home provides exceptional access to major employment hubs, entertainment, and public transportation.
The listed 4-bedroom, 3-bathroom configuration differs from tax records showing 3 bedrooms and 2 bathrooms, requiring buyer verification of permits and square footage.
The majority of assigned public schools in the immediate vicinity carry lower performance ratings, which may be a consideration for families with school-aged children.
Discover space, flexibility, and long-term potential in this updated Spanish Colonial Revival home near Downtown Los Angeles. Located at 1147 S Westlake Ave, this gated Central LA property offers convenient access to DTLA, Koreatown, USC, LA Live, the Convention Center, major employment centers, restaurants, shopping, public transportation, and freeways. Offering approximately 2,110 sq ft, the home is currently configured with 4 bedrooms and 3 bathrooms, plus flexible bonus areas suitable for a home office, recreation room, guest accommodations, or multigenerational living. Public tax records reflect 3 bedrooms and 2 bathrooms. Buyers are advised to independently verify square footage, bedroom and bathroom counts, permits, zoning, and allowable uses. Recent improvements include new flooring, interior doors, interior and exterior paint, refreshed stucco, bathroom upgrades, and a renovated kitchen featuring elegant white marble-look countertops with subtle gray patterns, modern light-gray shaker cabinetry, and updated appliances. Bathroom features include a white vanity with a marble-look countertop, undermount sink, gold-toned hardware, decorative tile accents, and another bath with dramatic floor-to-ceiling marble-look tile and a tub-and-shower combination. Individual mini-split systems serve the bedrooms, living areas, and kitchen for efficient room-by-room climate control. Additional enhancements include a motorized front gate, front-yard concrete paving, CCTV cameras, and completed LADBS-required correction work, with the related case closed. An approximately 870 sq ft upstairs bonus area with separate exterior access adds valuable flexibility and privacy. Outside, enjoy a welcoming front garden and private, low-maintenance backyard featuring a spacious paved patio, block-wall fencing, and enclosed storage beneath the exterior staircase—ideal for outdoor dining, barbecuing, container gardening, entertaining, or creating a relaxing urban retreat. Additional conveniences include a separate laundry area and gated driveway parking for three or more vehicles. With its generous layout, extensive improvements, adaptable living spaces, and prime location near Downtown Los Angeles, this spacious, move-in-ready property presents an appealing opportunity for owner-occupants, multigenerational households, and real estate investors seeking flexibility and lasting value in the heart of Los Angeles.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,110 | 1,664.159 |
| Lot Size | 5,412 | 6,066.556 |
| Price | $949.0K | $1.35M |
| Price per sq ft | $450 | $806 |
| Built year | 1903 | 1939 |
| HOA | $0 | $278 |
| Days on market | 5 | 55 |
Sep 4, 2026
$949,000
Initial Listing
Aug 1, 2019
$735,000
Public Record