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Chase Simonton
RE/MAX One
818-366-3300
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.
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Total Bedrooms : 7
Total Baths: 8
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1922
Building Area Total: 7,615
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1673
Lot Size Source: Assessor
Lot Size Square Feet: 7286
Original List Price: 1,495,000
Listing Contract Date: 2024-01-30
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5021025001
Garage Description: Gated
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: PHHT - Park Hills Heights
Postal Code Plus 4: 1657
Directions: Western Ave & Vernon Ave
Zoning: LAC2
Source Property Type: Residential Income
Area: PHHT - Park Hills Heights
Property Age: 102
Year Built Source: Assessor
Total Square Feet Living: 7615
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4032 La Salle Avenue, Los Angeles, CA,90062 | $1,200,000 | 5 | 3 | 2,564 | 7068 Sqft |
1496 W Vernon Avenue, Los Angeles, CA,90062 | $742,000 | 6 | 3 | 2,107 | 5474 Sqft |
1431 W 49th Street, Los Angeles, CA,90062 | $779,000 | 2 | 1 | 1,260 | 5966 Sqft |
5321 Denker Avenue, Los Angeles, CA,90062 | $1,280,000 | -- | -- | 3,220 | 5950 Sqft |
1627 Leighton Avenue, Los Angeles, CA,90062 | $819,000 | 6 | 3.5 | 1,616 | 5434 Sqft |
1901 W Martin Luther Ki.., Los Angeles, CA,90062 | $1,425,000 | -- | -- | 5,602 | 9012 Sqft |
1447 W 47th Street, Los Angeles, CA,90062 | $879,000 | 5 | 3 | 2,027 | 5694 Sqft |
3938 Dalton Ave, Los Angeles, CA,90062 | $799,000 | 3 | 2 | 1,526 | 5360 Sqft |
4112 Dalton Avenue, Los Angeles, CA,90062 | $1,249,000 | 6 | -- | 3,558 | 6694 Sqft |
5421 S Wilton Place, Los Angeles, CA,90062 | $799,000 | 3 | 1 | 1,304 | 5861 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 20:25
MLS: 24353081
LISTED BY: Chase Simonton, RE/MAX One
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.