3551 S Western Avenue
Los Angeles, CA 90018
Active for $3,199,000
Beds: 0 Baths: 18 Structure Size: 8,000 sqft Lot Size: 12,231 sqft
| MLS | 25476693 |
| Year Built | 1957 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $3,199,000 |
| Structure Size | 8,000 sqft |
| Lot Size | 12,231 sqft |
| Beds | 0 |
| Baths | 18 |
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).
Listing information courtesy of: William Creed, Clement Partners Real Estate 310-502-0600. *Based on information from the Association of REALTORS/Multiple Listing as of 01/08/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Natalia Porter-Lvovich
REALTOR®
Direct: 818.577.3211
Email: Email Me
DRE: 02085078
DRE #01873088
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