1153 S Westlake, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $669,382 Fair Market Value by -12%. Given the Condition Rating of 5, this 1900-built duplex requires significant capital expenditure to address deferred maintenance and HPOZ compliance. The versatile layout offers strong rental demand near DTLA and USC. This is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of navigating historical preservation requirements to unlock long-term value in a central urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1153 S Westlake Subject | $750,000* List Price | 0 | 0 | 2,654 | $252 | - |
A 1713 S Berendo Street Sold | $679,000 | 0 | 0 | 1,900 | $357 | 0.9 mi |
B 1324 Magnolia Avenue Active | $850,000 List Price | 0 | 0 | 2,536 | $335 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1900 and marketed as an 'investment opportunity,' this property shows significant signs of age and deferred maintenance. Given the 120+ year age and lack of mentioned upgrades to kitchens, baths, or systems, it likely requires a full rehab. Its location in an HPOZ further suggests structural and aesthetic preservation needs that exceed simple cosmetic updates.
The property is ideally situated near major hubs including DTLA, Koreatown, and USC, offering excellent accessibility to the 10, 110, and 101 freeways for high tenant demand.
Configured as a duplex with two units downstairs and four additional rooms upstairs, the layout provides multiple rental strategies to maximize gross operating income.
The residence offers a rare, private compound-like atmosphere within a Historical Preservation Overlay Zone (HPOZ), providing unique character and a sense of exclusivity.
Being located in a historical zone (HPOZ) means any exterior improvements or renovations are subject to strict city guidelines, which can increase costs and project timelines.
Built in 1900, the property likely requires substantial capital expenditure for modernizing structural systems, plumbing, and electrical to meet current building codes.
Great investment opportunity, present a rare opportunity to acquire a large, two-story residence within a private, compound-like setting near the heart of Los Angeles. The property consists of 2 units in downstairs plus four rooms in upstairs. Located in the HPOZ (historical zone). Close to LA Live, Staple Center, DTLA, Koreatown, USC, major transit corridors, and the 10, 110 and 101 freeways.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,654 | 2,347.5 | 50% |
| Lot Size | 5,358 | 5,293 | 50% |
| Price | $750.0K | $857.5K | 38% |
| Price per sq ft | $283 | $438 | 25% |
| Built year | 1900 | 1914 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 181 | 13% |
May 21, 2026
$750,000
Initial Listing
Nov 26, 2013
$450,000
Public Record
May 23, 2012
$250,002
Public Record
Oct 28, 2011
$250,000
Public Record
Feb 12, 2008
$22,000
Public Record
Mar 28, 2006
$530,000
Public Record
Sep 27, 2002
$239,000
Public Record