Los Angeles, CA 90018,3551 S Western Ave
Los Angeles, CA 90018,3551 S Western Ave
Los Angeles, CA 90018,3551 S Western Ave
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$3,199,000
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18 BA
8,000 SqFt
New

3551 S Western Ave Los Angeles, CA 90018

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UPDATED:

01/06/2025 07:00 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $399

MLS Listing ID 25-476693

Construction Status Updated/Remodeled

Year Built 1957

Lot Size 0.281 Acres

Acres 0.2808

Property Description

Excellent incoming producing property sitting on two commercially zoned lots with 22 parking spaces, 14 residential studio units, on the top floor, and three commercial spaces on the bottom floor. Run your business from the bottom floor while the residential tenants pay you for your building! Monthly income of nearly 29K! Incredible CAP and GRM! In a booming pocket of LA in the heart of where the Olympics will take place in 2028. Don't miss this value add property with plenty of upside. All commercial units pay for their electricity. Restaurant can be charged for garbage. 33.3 % of the occupied residential units pay a flat fee for utilities which can be adjusted if needed. Utilities are not included in their lease agreement. 5 units are government subsidized with Section 8 (4 HACLA, 1 HACOLA).

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAC2

Rooms

Other Rooms None

Interior

Interior Features Basement, Turnkey, Storage Space

Heating Wall Gas

Cooling Ceiling Fan

Flooring Ceramic Tile, Laminate

Fireplaces Type None

Equipment Ceiling Fan, Microwave, Refrigerator, Range/Oven, Other

Laundry Other, Laundry Area

Exterior

Parking Features Assigned

Garage Spaces 22.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description Fenced, No Landscaping

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Clement Partners Real Estate

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agent

Carol Enriquez

Agent | RE.S.0177023

+1(702) 767-5591

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3551 S Western Ave