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).
Property Details
Price:
$3,199,000
MLS #:
25476693
Status:
Active
Baths:
0
Address:
3551 S Western Avenue
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jan 5, 2025
State:
CA
ZIP:
90018
Lot Size:
12,231 sqft / 0.28 acres (approx)
Year Built:
1957
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Schools
Interior
Appliances
Microwave, Refrigerator
Fireplace Features
None
Flooring
Laminate
Interior Features
Ceiling Fan(s), Storage
Window Features
Drapes
Exterior
Lot Features
No Landscaping
Parking Features
Assigned
Parking Spots
22.00
Pool Features
None
Security Features
Card/ Code Access, Gated Community, Smoke Detector(s)
Spa Features
None
Stories Total
2
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City Lights
Financial
Map
Community
- Address3551 S Western Avenue Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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Courtesy of Clement Partners Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
3551 S Western Avenue
Los Angeles, CA
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