1501 Westerly Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 4 bed, 4 bath
1501 Westerly Terrace
Los Angeles, California 90026
Property Price
SUMMARY
Analysis of 1501 Westerly Terrace, Los Angeles, California 90026 reveals a Fairly Priced Property with a current list price of $1,745,000 aligned with the estimated $1,795,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Westerly Terrace Subject | $1,745,000* List Price | 4 | 4 | 2,142 | $838 | - |
A 1541 Silverwood Terrace Sold | $1,900,000 | 4 | 4 | 2,396 | $793 | 0.1 mi |
B 1338 Mccollum Street Sold | $1,750,000 | 4 | 3 | 1,676 | $1,044 | 0.4 mi |
C 854 Kodak Drive Sold | $1,890,000 | 4 | 4 | 2,372 | $797 | 0.5 mi |
D 3019 Effie Street Sold | $1,570,000 | 2 | 2 | 1,584 | $991 | 0.2 mi |
E 3310 London Street Active | $1,875,000 List Price | 4 | 3 | 2,042 | $918 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1924 Spanish duplex is in move-in ready condition with significant modern updates. The kitchens have been tastefully remodeled with contemporary patterned tile backsplashes, stone countertops, and stainless steel appliances. The interior features well-maintained original hardwood floors, updated track lighting, and central AC. While the property is historic, it has been enhanced with an EV charger, copper plumbing, and professionally landscaped outdoor spaces. It falls into the 'good' category rather than 'excellent' primarily because the roof dates to 2007 and some components, while functional and well-kept, are not brand new.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Prime Silver Lake Location
Situated in the desirable lower foothills, the property is walking distance to iconic amenities including Sunset Junction, the Silver Lake Reservoir, Erewhon, and Whole Foods.
- Strong Income & Flexibility
With a total monthly rental income of $10,550 and tenants on month-to-month leases, the property offers immediate cash flow and flexibility for owner-occupancy or market-rate adjustments.
CONSRISKS & DEFICIENCIES
- Aging Roof
The roof dates back to 2007; at nearly 20 years old, it is approaching the end of its functional lifespan and may require replacement in the near future.
- Disproportionate Parking
Parking is unevenly distributed between units, with one unit enjoying garage access while the other relies on the driveway or street, which can be difficult in this high-density area.
- Limited Lot Size
The 4,876 square foot lot is relatively compact for the price point, which may limit future expansion or the addition of a detached ADU.
About 1501 Westerly Terrace
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 4,876 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Micheltorena Street Elementary School
Grades K-5 • 0.3 mi
Mayberry Street Elementary School
Grades K-6 • 0.4 mi
Clifford Street Elementary School
Grades K-6 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 2,142 | 1,544.5 | 73% |
| Lot Size | 4,876 | 5,060 | 38% |
| Price | $1.75M | $1.51M | 68% |
| Price per sq ft | $815 | $901 | 42% |
| Built year | 1924 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 164 | 2% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,745,000
$1,795,000
-3% Price Drop
Initial Listing
Price Change
Jan 7, 2026
$1,795,000
Initial Listing
Sold
Jun 9, 2017
$1,300,000
Public Record
Sold
Feb 28, 2002
$70,000
Public Record
Sold
Jul 30, 1999
$339,000
Public Record