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