4351 S Western Avenue

Los Angeles, CA 90062

PRICE REDUCED

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-$100,000 (-6.27%)

$1,495,000

List Price

7

bed Beds

8

shower Baths

7,615 sqft

straighten / sqft

1922

calendar_month Built

Property Description

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.

Listing Information

List Price $1,495,000
Status Active
MLS 24353081
Type Residential Income
Year Built 1922
Lot Size 7,286
Structure Size 7,615
DOM 178
Courtesy Of RE/MAX One
Listing Agent Chase Simonton DRE#01766871
Co-Listing Agent Robert Carlile DRE#02066811

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Chase Simonton, Robert Carlile, RE/MAX One 310-383-5927. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 17th, 2024 at 3:51 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.