For Sale // TIC Community // 117-119 S Westlake Ave // Historic Filipinotown // $549,000

For Sale // TIC Community // 117-119 S Westlake Ave // Historic Filipinotown // $549,000

 

Now here is a home you have been waiting for. Two bedrooms, one and a half baths, open floor plan, lower corner unit with direct access to your own private yard, single car garage, AC, loads of closet space, and an updated oh-so-cute design that will make you swoon: crisp white walls, an abundance of windows and light, engineered white oak floors, shaker cabinets and butcher block counters, designer lighting and finishes throughout. But this home doesn’t stop there: intimate 4-unit community, in-unit laundry room, a hallway lined with custom closets, and low HOA dues. On the border of Historic Filipinotown and Westlake, a few blocks to Gigi’s, Doubting Thomas, Woon and all our HiFi favorites.


FOR SALE // 117 S Westlake Ave


SOLD // 117 1/2 S Westlake Ave


UNIT DETAILS

117 S Westlake Ave / $549,000 / 900 SQ FT / 2 BED/2 BATH / GROUND FLOOR UNIT / FOR SALE

117 1/2 S Westlake Ave / $580,000 / 1030 SQ FT / 2 BED/2 BATH / TOP FLOOR UNIT / SOLD

FEATURES

  • Intimate 4-unit community
  • HiFi & Rampart Village adjacent
  • A short drive to Echo Park
  • Classic Spanish Architecture
  • Gated property
  • Single-car garage parking included
  • Bright and airy units with views
  • High ceilings
  • Ample closet space
  • New dual-pane windows
  • New interior doors
  • New white oak engineered wood flooring
  • Stackable laundry hook-ups in-unit
  • Recently renovated
  • New designer lights and fixtures throughout
  • Remodeled kitchen and baths
  • New butcher block counters
  • New shaker kitchen cabinets
  • New appliances
  • Stove, fridge and dishwasher included
  • New garbage disposal
  • New hood fan with microwave
  • Two bathrooms
  • New tile flooring in baths
  • New tiled shower walls and new shower faucets
  • New bath cabinets and sinks
  • New floor-to-ceiling, wall-to-wall built-in storage
  • New fences and gates
  • New exterior stucco
  • New electric garage doors with remote
  • New water heater
  • Foundation bolted and retrofitted in 2019

117-119 Westlake Avenue HOA, a Tenants in Common (TIC) Community:

  • Intimate 4-Unit HOA
  • Minimum 10% down
  • HOA covers insurance, water, finance management and common area gardener
  • Each owner pays for their unit gas and electric (each unit is individually metered for gas and electric)
  • The insurance covers the entire property
  • Pets are allowed
  • No permission needed to sell your unit
  • Rental restrictions apply, please inquire
  • With TIC you have similar usage and renovation rights as a condo owner
  • HOA dues $250/month

TIC sale with financing available – with as little as 10% down thru Sterling Bank. Please contact listing agent to be connected with a loan officer who is familiar with TIC loans.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field Guide HERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

The Rental Girl (therentalgirl.com) is a full-service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live in. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry-level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge and support our real estate colleagues, landlords and renters and the TIC community.

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