4351 S Western Ave, LOS ANGELES, CA

$1,495,000

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7

Beds

8

Baths

7,615

Square feet

0.17

Acres

About 4351 S Western Ave

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.

Features of 4351 S Western Ave

MLS® # 24-353081
Price $1,495,000
Bedrooms 7
Bathrooms 8.00
Square Footage 7,615
Acres 0.17
Year Built 1922
Type Residential Income
Sub-Type Apartment Building
Status Active

Community Information

Address 4351 S Western Ave
Area Park Hills Heights
City LOS ANGELES
County Los Angeles
State CA
Zip Code 90062

Amenities

Parking Spaces 8
Garages Gated
Is Waterfront No
Has Pool No

Interior

Heating Wall
Cooling Wall/Window
Fireplace No
# of Stories 2
Has Basement No

Additional Information

Date Listed January 30th, 2024
Days on Market 109
Zoning LAC2
Foreclosure No
RE / Bank Owned No

Listing Details

AgentChase Simonton (01766871)
OfficeRE/MAX One

Listing Map

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