7804-7808 South Western Avenue

Los Angeles, CA 90047

$725,000
Price
4
Beds
4
Baths
1,680 Sq. Ft.
$432 / Sq. Ft.
1,680
Sq. Ft.
$432
per Sq. Ft.

Description

We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles...We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 7804-7808 South Western Avenue

Zoning
LAC2
Style
Bungalow
Parcel Number
6018032002
Total Units
4.0
Living Area
1680
Source Living Area
Assessor
Area
Metropolitan Southwest (C36)
Vacancy Rate
0

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
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LISTING UPDATED: 04/17/2024 04:15 PM

Property Details for 7804-7808 South Western Avenue

StatusActive
MLS #23-336875
Days on Market151
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.13 AC / 5,504 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute

Building Information for 7804-7808 South Western Avenue

Stories1Residences-Year Built1952Building Size-Lot Size0.13 AC / 5,504 SF

Payment Calculator

$3,957 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7804-7808 South Western Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Property Condition: Fixer
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $53,870
  • Net Operating Income: $34,713.00
  • Gross Income: $55,536
  • Cap Rate: 4.79%
  • Gross Rent Multiplier: $13.05
  • Financial Info as Of: 12/04/2023
  • Vacancy Allow Dollar: $1,666.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 19157
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1264
  • Lot Size Square Feet: 5504
  • Lot Features: Landscaped
  • Lot Description: 2-4 Lots, Landscaped
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Gated, Parking Space
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Gated, Parking Space
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Patio Open
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-04-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,056.00
  • Unit Actual Rent: $1,056.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,222.00
  • Unit Actual Rent: $1,222.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $27,223.00
  • Assessed Improvement Percent: 14.96
  • Assessed Land Value: $154,712.00
  • Assessed Land Percent: 85.04
  • Assessed Total Value: $181,935.00

Property History for 7804-7808 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 7804-7808 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Raymond Avenue Elementary School
PublicK to 5

Vox Collegiate of Los Angeles
Charter6 to 8

George Washington Preparatory High School
Public9 to 12

Learning by Design Charter
CharterK to 5

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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7804-7808 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on December 4, 2023 by Marcus & Millichap, it's currently listed at $725,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Raymond Avenue Elementary School, Vox Collegiate of Los Angeles and George Washington Preparatory High School. 7804-7808 South Western Avenue is a 4-bed, 4-bath, 1,680 sqft multi-family home built in 1952.

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 Marcus & Millichap, Jason Tuvia, DRE #01772495

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.