4351 South Western Avenue

Los Angeles, CA 90062

$1,495,000
Price
7
Beds
8
Baths
7,615 Sq. Ft.
$196 / Sq. Ft.
7,615
Sq. Ft.
$196
per Sq. Ft.

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...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.
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One
  2. Listed by Robert Carlile • DRE #02066811 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 4351 South Western Avenue

Zoning
LAC2
Parcel Number
5021025001
Total Units
8.0
Living Area
7615
Source Living Area
Title Company
Area
Park Hills Heights (PHHT)
Vacancy Rate
3 Vacant
Lot Size Area
7286

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811
Add your commute
LISTING UPDATED: 03/19/2024 04:11 PM

Property Details for 4351 South Western Avenue

StatusActive
MLS #24-353081
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.17 AC / 7,286 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811
Add your commute

Building Information for 4351 South Western Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,286 SF

Payment Calculator

$9,071 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$912

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4351 South Western Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: mixed-use
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $163,368
  • Net Operating Income: $101,912.00
  • Gross Income: $163,368
  • Cap Rate: 6.82%
  • Gross Rent Multiplier: $9.15
  • Total Annual Expense: 56555
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1673
  • Lot Size Square Feet: 7286
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 8
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,172.00
  • Unit Actual Rent: $1,172.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,052.00
  • Unit Actual Rent: $1,052.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,084.00
  • Unit Actual Rent: $1,084.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $1,485.00
  • Unit Actual Rent: $1,485.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $3,721.00
  • Unit Actual Rent: $3,721.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $161,721.00
  • Assessed Improvement Percent: 20.29
  • Assessed Land Value: $635,345.00
  • Assessed Land Percent: 79.71
  • Assessed Total Value: $797,066.00

Property History for 4351 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4351 South Western Avenue

Taxable ValueLand$635,345Additions$161,721Total$797,066
Tax Record2023$10,944 ($912 / month)
Home Facts
Total Finished SqFt7,615 SqFtAbove Grade Finished SqFt7,615 SqFtStories1Lot Size7,284 SqFtStyleOffice BuildingYear Built1922ZoningLAC2CountyLOS ANGELESAPN5021-025-001

Schools near 4351 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - 5 to 8
Public - 6 to 9
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
KIPP Scholar Academy
Charter5 to 8

Barack Obama Global Preparation Academy
Public6 to 9

Public Policy Charter
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4351 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on January 30, 2024 by RE/MAX One, it's currently listed at $1,495,000. It has been on the market for a total of 87 days and was last sold on June 16, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include KIPP Scholar Academy, Barack Obama Global Preparation Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4351 South Western Avenue is a 7-bed, 8-bath, 7,615 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.