About 1032 S Westlake Avenue
Exceptional investment opportunity in a prime Koreatown / Westlake location. The process to convert the home into a duplex plus back unit began in 2019. 1032 S Westlake Ave offers versatile multi-unit potential with strong income potential. The property is zoned LAR3 with Transient Lodging use and is located within an R3-1-HPOZ Historic Preservation Overlay Zone, presenting redevelopment and value-add possibilities. Located just blocks from the Westlake/MacArthur Park station, the surrounding neighborhood offers proximity to popular destinations including USC and Loyola Law School, Crypto Arena and Downtown LA, providing convenient access to major employment hubs throughout Los Angeles near Koreatown. There is ample parking for 7 cars with convenient alley access. With strong potential income, multi unit configuration possibilities, and redevelopment upside, this offering presents a compelling opportunity for investors seeking a centrally located asset, especially with the highly anticipated upcoming sports events of 2028.See floor plan reflecting the following: Upstairs: 3 Bedrooms / 2 Bathrooms Bottom: 2 Bedrooms / 1 Bathroom plus separate 1 bedroom with 1 bathroom Rear: 1 Bedroom / 2 Bathrooms. Per the Special Administrator, permits were initiated to add rooms and convert the home into multi units. Home was previously in the process of being remodeled.
Features of 1032 S Westlake Avenue
| MLS® # | P1-26606 |
|---|---|
| Price | $1,000,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Lot Size | 7,502 |
| Year Built | 1902 |
| Type | Residential Income |
| Sub-Type | Single Family Residence |
| Style | Bungalow |
| Status | Active |
| # Of Units | 3 |
Community Information
| Address | 1032 S Westlake Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| Subdivision | Not Applicable |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90006 |
Amenities
| Utilities | Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 7 |
| Parking | Concrete |
| Garages | Concrete |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Interior Features | Granite Counters, High Ceilings, Walk-In Pantry, Walk-In Closet(s) |
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater |
| Heating | None |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | Yes |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Sprinklers None |
| Roof | Composition |
| Construction | Vinyl Siding |
Additional Information
| Date Listed | February 3rd, 2026 |
|---|---|
| Days on Market | 151 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Esther Clauson |
|---|---|
| Office | Keller Williams Los Angeles |