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1020 South Westlake Avenue

1020 South Westlake Avenue, Los Angeles, CA 90006
Property in Pico Union
1 Units For Sale
Unit for sale at 1020 S Westlake Avenue, Los Angeles, CA 90006

$1,490,000

  • 11 Beds
  • 5 Baths
  • 2,775 ft²
1020 S Westlake Avenue, Los Angeles, CA 90006 Listing by Lloyd Yang

1020 South Westlake Avenue in Los Angeles, CA was first built in 1903 and is 121 years old. Although, the building on the property was most recently renovated and altered in 1911. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1020 South Westlake Avenue has 2,775 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,500 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1020 South Westlake Avenue was last sold in Oct 16, 2020 for $22,500. According to our calculations, that's $8.11 per sqft. Prior to that sales transaction, the property was sold for $559,000 in Dec 15, 2014. Current property owners are expected to pay $12,174 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1020 South Westlake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,020,000. To break that down further, the land itself was valued at $683,400. While improvements to the property were assessed at a total of $336,600. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

Building Features

Parking

Assigned Parking
Carport
Gated Parking
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230412
04/12/2023
11 Bed
5 Bath
2775 ft²
$1,200,000
bedrooms
11 Bed
bathrooms
5 Bath
square feet
2775 ft²
-
-
-
Lloyd Yang
West Shores Realty, Inc.
20220409
04/09/2022
11 Bed
5 Bath
2775 ft²
$1,390,000
bedrooms
11 Bed
bathrooms
5 Bath
square feet
2775 ft²
-
-
-
Lloyd Yang
West Shores Realty, Inc.

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1911
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 2,775
  • Gross Building Area: 2,775
  • Building Area: 2,775
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,775
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH BONNIE BRAE
  • Land Acres: 0.172
  • Standard Land Use Code: Boarding house, rooming house, apt hotel, transient lodgings, hostel
  • Legal Description 1: SOUTH BONNIE BRAE TRACT LOT/SEC 9 BLK/DIV/TWN F

Ownership

  • Current Owner : IVY PROPERTY LLC
  • Previous Owner : YANG LLOYD
  • Owner Before Previous Owner: BORODA PHILIP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 209520

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 44-A3
  • Parcel: 5136-011-003
  • Block: F
  • Lot: 9
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0505
  • Longitude: -118.279

    Address

  • Full Address: 1020 S Westlake Ave
  • Address - House Number: 1020
  • Street Direction: S
  • Address - Street Name: Westlake
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C002
  • 4-Digit Zip Code: 3718
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,174
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 00-036

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: KWAK KYU
  • First Open Lien Mortgage Recording Date: Apr 27, 2022
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,020,000
  • Assessed Land Value: $683,400
  • Assessed Improvements Value: $336,600

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Dec 08, 2020
  • Current Sale Transaction ID: 11805327629
  • Current Sale Price: $22,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1602069
  • Previous Sale Recording Date: Dec 19, 2014
  • Previous Sale Contract Date: Dec 15, 2014
  • Previous Sale Amount: $559,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: PONTIS CAPITAL LLC
  • Previous Mortgage Transaction Date: Dec 19, 2014
  • Previous Mortgage Loan Amount: $391,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 1020 South Westlake Avenue located in?
The 1020 South Westlake Avenue is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
How many listings are currently for sale in 1020 South Westlake Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1020 South Westlake Avenue?
The average sales price for units in 1020 South Westlake Avenue is $1,490,000 , or $537/sqft. currently.

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