3551 S Western Avenue, Los Angeles, CA 90018
-
Listed Price :
$3,199,000
-
Beds :
0
-
Baths :
18
-
Property Size :
8,000 sqft
-
Year Built :
1957
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).
Interior Features
| Laundry Information |
| Location(s) |
See Remarks |
| Bathroom Information |
| Bathrooms |
18 |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Features |
Ceiling Fan(s), Storage |
Listing Information
| Address |
3551 S Western Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90018 |
| County |
Los Angeles |
| Listing Agent |
William Creed DRE #01880695 |
| Courtesy Of |
Clement Partners Real Estate |
| List Price |
$3,199,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,000 |
| Lot Size |
12,231 |
| Year Built |
1957 |
Listing information courtesy of: William Creed, Clement Partners Real Estate. *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.
