1501 Westerly Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 4 bed, 4 bath
ACTIVE$1,795,000$2,142/sqft
Est. Value: $1,830,520
1%
FairlyEstimate
1501 Westerly Terrace, Los Angeles, California 90026
4Beds
4Baths
2,142Sqft
4,876Lot
Price Vs. Estimate
The estimated value ($1,830,520.03) is $35,520.03 (1%) lower than the list price ($1,795,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Top Cons:
Tenant Occupancy (Month-to-Month): Current tenants are on month-to-month leases, which could present challenges or delays for a buyer seeking immediate owner-occupancy or extensive renovations requiring vacant possession.
Compared to the nearby listings
Price:$1.79M vs avg $1.52M (+$278,392.5)74%
Size:2,142 sqft vs avg 1,590 sqft73%
Price/sqft:$838 vs avg $96041%
More Insights
Built in 1924 (102 years old).
Condition: Despite being built in 1924, this duplex has undergone extensive modern upgrades and renovations, making it move-in ready. Both kitchens are remodeled, with Unit 1 featuring contemporary styling and Unit 2 a more traditional, yet updated, look. Bathrooms are also updated with modern vanities and tiling. The property boasts hardwood floors, central AC, updated copper plumbing, and a roof from 2007, which is within a reasonable lifespan. Recent exterior renovations, including an EV charger and security cameras, further enhance its condition. While the core structure is old, the significant and relatively recent updates (likely within the last 5-15 years for key areas) align well with the 'Good' score criteria, indicating a well-maintained property with functional systems and no immediate renovation needs.
Year Built
1924
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$838
HOA
-
Days on market
-
Sold On
-
MLS number
26632591
Home ConditionGood
Features
Good View: Hills, Trees/Woods
Deck
Patio
ViewHills, Trees/Woods
About this home
1924 Spanish Duplex in the lower foothills of Prime Silverlake. Situated on the northwest corner of Berkeley & Westerly Terrace, this charming property has townhouse units (side by side) that feature 2 beds, 2 baths, inside laundry, central AC, remodeled kitchens, dining rooms, hardwood floors, private outdoor space, office nooks, and large sun rooms (off the primary bedrooms) with views of the hills and skyline. 1501 Westerly Terrace ($5,800 rent) has both garage spaces and exclusive use of the amazing private backyard featuring flagstone pavers, built-in BBQ, and drought tolerant landscaping. 1503 Westerly ($4,750 rent) has a private front deck and parks in the driveway or street. Tenants are month to month. Per last sale, Roof is from 2007, Cooper plumbing. Current owner fenced and gated property, installed EV charger, security cameras, and renovated outdoor spaces like backyard, deck, landscaping, lighting, security gate. Close to LAMILL coffee, L&E Oyster Bar, Silverlake Dog park, The Reservoir, Cafe Tropical, Sunset Junction, Whole Foods, Erewhon, Echo Park Lake, Los Feliz, Atwater Village, and DTLA. Annual Operating expenses are approximately $7,700 which cover water, trash, sewer, gardener, and landscaping.
J
Jimmy Martinez
Listing Agent
Nearby schools
5/10
Micheltorena Street Elementary School
Public,•K-5•0.3mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.4mi
8/10
Clifford Street Elementary School
Public,•K-6•0.8mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.0mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.0mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.0mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.2mi
/10
Lake Street Primary School
Public,•K-1•1.4mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.4mi
8/10
Allesandro Elementary School
Public,•K-6•1.5mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.5mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.5mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.5mi
6/10
Irving STEAM Magnet
Public,•6-8•2.7mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
3/10
Belmont Senior High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
07/30/99
Sold
$339,000
06/09/17
Sold
$1,300,000
02/28/02
Sold
$70,000
Condition Rating
Good
Despite being built in 1924, this duplex has undergone extensive modern upgrades and renovations, making it move-in ready. Both kitchens are remodeled, with Unit 1 featuring contemporary styling and Unit 2 a more traditional, yet updated, look. Bathrooms are also updated with modern vanities and tiling. The property boasts hardwood floors, central AC, updated copper plumbing, and a roof from 2007, which is within a reasonable lifespan. Recent exterior renovations, including an EV charger and security cameras, further enhance its condition. While the core structure is old, the significant and relatively recent updates (likely within the last 5-15 years for key areas) align well with the 'Good' score criteria, indicating a well-maintained property with functional systems and no immediate renovation needs.
Pros & Cons
Pros
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Silverlake Location: Situated in the highly desirable lower foothills of Prime Silverlake, offering excellent walkability and proximity to popular amenities, dining, entertainment, and major neighborhoods like Los Feliz and DTLA.
Strong Income-Generating Duplex: A well-maintained duplex with two units generating significant combined rental income ($10,550/month), providing immediate cash flow or flexibility for owner-occupancy in one unit.
Extensive Modern Upgrades & Amenities: Features central AC, remodeled kitchens, inside laundry, updated copper plumbing, a 2007 roof, and recent owner-installed enhancements including an EV charger, security cameras, and renovated outdoor spaces.
Charming Historic Architecture & Desirable Features: A 1924 Spanish Duplex boasting hardwood floors, private outdoor spaces, office nooks, sunrooms, and a private backyard with flagstone pavers, a built-in BBQ, and drought-tolerant landscaping.
Scenic Views & Corner Lot Advantage: Offers attractive views of the hills and city skyline from sunrooms, complemented by the benefits of a corner lot location, potentially providing more light and privacy.
Cons
Tenant Occupancy (Month-to-Month): Current tenants are on month-to-month leases, which could present challenges or delays for a buyer seeking immediate owner-occupancy or extensive renovations requiring vacant possession.
Age of Property: Built in 1924, the property's age, despite significant recent upgrades, may still imply potential for higher long-term maintenance considerations for original components not yet updated.
Ongoing Operating Expenses: Annual operating expenses of approximately $7,700 for water, trash, sewer, gardener, and landscaping represent a notable recurring cost that needs to be factored into the investment analysis.