CA > Los Angeles
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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Daniel Hernandez

Daniel Hernandez

+1(858) 354-9707

UPDATED:

01/06/2025 08:13 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $399

MLS Listing ID 25476693

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1957

Lot Size 0.281 Acres

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 Phht - Park Hills Heights

Zoning LAC2

Interior

Interior Features Ceiling Fan(s), Storage

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Microwave, Refrigerator

Laundry See Remarks

Exterior

Parking Features Assigned

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch None

Total Parking Spaces 22

Private Pool No

Building

Lot Description No Landscaping

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5041013002

Security Features Gated Community,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by William Creed • Clement Partners Real Estate

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agent

Daniel Hernandez

Team Lead | Realtor® | License ID: 02069350

+1(858) 354-9707

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3551 S Western AVE