517 Loma Dr, Los Angeles, CA, 90017
About This Home
Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often — and when they do, they tend to move quickly.
Getting Around
Walker's Paradise
Rider's Paradise
BikeableSchools
Construction
Condition
- Year built: 1954
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Washer Hookup,Gas Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 126
- Bathrooms: 78
Features
- Common walls with other units/homes: No Common Walls
Interior Area
- Total structure area: 8,704
- Total interior livable area: 8,704 sqft
Property
Details
- Parcel number: 5153006015
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: side of building.
- Pool features: None
Lot
- Lot size: 7,620 sqft
- Features: Near Park,Near Public Transit,Rectangular Lot,Walkstreet
Parking
- Total spaces: 10
- Parking features: Assigned,Carport
- Covered spaces: 10
- Carport: Yes
- Carport spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,180 | $194,160 |
| Home Insurance * | $693 | $8,316 |
| Property Taxes | $1,786 | $21,432 |
| Electricity | $1,866 | $22,397 |
| Total | $20,525 | $246,300 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-18 | Price change | $3,400,000 |
| 2026-02-24 | Listed for sale | $3,500,000 |
View on Zillow