Active
4351 S Western Ave
Los Angeles CA, 90062
$1,495,000
$196.32 per sqft
Active
7 Beds
7,615 sqft
Residential
Built in 1922
4351 S Western Ave, a prime investment opportunity in the vibrant community of South Los Angeles. This mixed-use property offers a dynamic combination of 6 residential units on the second floor and 2 commercial storefront spaces on the first floor. Currently, three of the residential units are vacant, renovated, and ready for immediate occupancy, presenting an excellent opportunity for prospective tenants.Boasting a total building size of 7,615 square feet and a spacious lot measuring 7,284 square feet, this property is a cash cow for savvy investors, operating at an attractive 6.31% cap rate. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal.The strategic location of 4351 S Western Ave ensures a steady flow of potential tenants and customers, making it an ideal investment in the bustling heart of South Los Angeles. In addition to its financial allure, the property features ample parking space in the rear, accommodating up to 8 cars, enhancing convenience for both residents and commercial tenants.Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Seize the opportunity to own and operate this gem in South Los Angeles, where modernity meets investment excellence. Please do not disturb the tenants. One of the listing agents is related to the Seller. All showings will be subject to an accepted offer.
24-353081
MLSⓇ ID
January 30, 2024
Listed
April 5, 2024
Updated
Map
4351 S Western Ave
Los Angeles CA, 90062
Interior Features
Total Stories
2
Bedrooms
7
Appliances
Built-Ins
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
Park Hills Heights
Days on Market
49
Garage
No
Parking
Gated
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
---|---|---|
3/20/2024 | Active | — |
3/14/2024 | Under Contract | — |
2/27/2024 | Price Change | $1,495,000 -7% |
Listed by Chase Simonton with RE/MAX One
Listing Contact: 310-383-5927
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nia Mallett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/5/2024