$1,495,000 Price Analysis   ♡   Los Angeles, CA 90062 7 bed 8 bath 7,615 SqFt ($196/SqFt) 7,286SqFt lot. Built 1922 Listed 2024-01-30, Taxes $10,484 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 sizeable 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 loc ation 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 parkng 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.
Presented by Chase Simonton at
RE/MAX One.
Property MLS #24-353081 from TheMLSCLAW
Full Bathrooms: 8
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 7286
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2100, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1700, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1700, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1700, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1700, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 1700, 7 SquareFeet: 2000, 8 SquareFeet: 4500
County: Los Angeles
Cap Rate: 6.82
Directions: Western Ave & Vernon Ave
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5021-025-001
Postal Code Plus 4: 1657
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $158,550 + $622,888 $781,438 | $10,484 |
| 2021 | $155,442 + $610,675 $766,117 | $10,319 |
| 2020 | $153,849 + $604,414 $758,263 | $10,408 |
| 2019 | $150,833 + $592,563 $743,396 | $10,037 |
| 2018 | $147,876 + $580,945 $728,821 | $9,852 |
| 2017 | $144,977 + $569,554 $714,531 | $9,614 |
| 2016 | $142,135 + $558,387 $700,522 | $9,324 |
| 2015 | $309,141 + $259,625 $568,766 | $7,754 |
| 2014 | $303,086 + $254,540 $557,626 | $7,801 |
| 2013 | $301,717 + $253,390 $555,107 | $7,785 |
| 2012 | $295,801 + $248,422 $544,223 | $7,886 |
| 2010 | $290,001 + $243,551 $533,552 | $7,675 |
| 2009 | $288,518 + $242,306 $530,824 | $7,402 |
| 2009 | $287,834 + $241,731 $529,565 | $7,402 |
| 2008 | $282,861 + $237,555 $520,416 | $7,116 |
| 2007 | $277,315 + $232,898 $510,213 | $6,866 |
$1,495,000
TheMLSCLAW
Listed 2024-01-30
$1,595,000
TheMLSCLAW
Listing removed 2020-05-05
$0
CRMLS
Relisted 2020-04-24
$1,380,000
CRMLS
Listing removed 2020-04-23
$0
CRMLS
Price Changed 2020-03-03
$1,380,000
CRMLS
Price Changed 2020-02-05
$1,390,000
CRMLS
Price Changed 2019-08-06
$1,440,000
CRMLS
Listed 2019-05-26
$1,450,000
CRMLS
Listing removed 2018-12-11
$0
CRMLS
Price Changed 2018-11-26
$1,499,000
CRMLS
Price Changed 2018-11-12
$1,539,000
CRMLS
Price Changed 2018-10-13
$1,559,000
CRMLS
Price Changed 2018-09-18
$1,599,000
CRMLS
Price Changed 2018-09-03
$1,655,000
CRMLS
Listed 2018-07-09
$1,675,000
CRMLS
Sold 2015-06-18
$690,000
Public Record
Sold 2003-03-27
$425,000
ITECH
Listed 2002-09-05
$450,000
ITECH
Listing removed 2000-05-29
$419,500
ITECH
Listed 1999-11-23
$419,500
ITECH
Listing removed 1998-03-09
$480,000
ITECH
Listed 1997-09-08
$480,000
ITECH
Sold 1982-01-22
$255,000
Public Record
Year Built: 1922
Levels: Two Level
Living Area Source: Title Company
Property Age: 102
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.