3551 S Western Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
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