New - 1 day on Rocket
#25491751, Lilian Han, Listing Office: Dream Realty & Investments Inc
#24429195·
Listing Office: Real Estate eBroker Inc.·
Listing Agent: Sung Oh·
Listing Office Phone: 760-722-3222
1216 S Westmoreland Ave Los Angeles, CA 90006
$2,990,000 List price
7 beds
5 baths
0.3 acres
House
Property details
About 1216 S Westmoreland Ave
Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 1 of the unit is currently occupied by a tenant, 1 unit occupied by owner and 2 units are VACANT. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.
Highlights
Home typeOther
StatusActive
Lot size0.2687 Acres
MLS #24429195
Summary
- MLS Number: 24429195
- MLS Name: CRMLS
- Office Name: Real Estate eBroker Inc.
- Office Phone: (760) 722-3222
- Listing Agent: Sung Oh
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,990,000
1216 S Westmoreland Ave
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 12, 1997 | Home Sold | $295,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $413,625 | $5,697 |
| 2023 | $405,516 | $5,603 |
| 2022 | $397,565 | $5,371 |
| 2021 | $389,770 | $5,279 |
| 2020 | $385,774 | $5,135 |
| 2019 | $378,211 | $4,933 |
| 2018 | $370,796 | $4,836 |
| 2017 | $363,526 | $4,836 |
History based on county public records data.
Nearby schools
2
Politi Elementary School
Public District KG-5
0.2 mi
•2481 W 11th St
4
Magnolia Avenue Elementary School
Public District PK-5
0.3 mi
•1626 Orchard Ave
7
Hoover Street Elementary
Public District KG-5
0.6 mi
•2726 Francis Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,318. Typical income of Los Angeles, CA residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
51%
<35k
43%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
18%
Single, with Kids
17%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
38%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Ross Dress For Less
Foot Locker
Where do the neighbors go to eat?
Boston Market
Jack In The Box
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1216 S Westmoreland Ave
This home is located at 1216 S Westmoreland Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $2,990,000.
Over 524 listings were sold over their listed price in December 2024 in Los Angeles, CA. In the same period over 740 listings were sold below the listed price and 203 listings were sold for the listed price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.