3551 S Western Avenue

Los Angeles, CA 90018

$3,199,000

List Price

0

bed Beds

18

shower Baths

8,000 sqft

straighten / sqft

1957

calendar_month Built

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).

Listing Information

List Price $3,199,000
Status Active
MLS 25476693
Type Residential Income
Year Built 1957
Lot Size 12,231
Structure Size 8,000
DOM 1
Courtesy Of Clement Partners Real Estate
Listing Agent William Creed DRE#01880695

Interior Features

Laundry Information
Location(s) See Remarks
Total Bathroom
Bathrooms 18
Flooring Information
Material Laminate
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s), Storage

Exterior Information

Other Structures
Features None
View Yes

Maps

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 Jan 6th, 2025 at 8:13 PM 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.