Unmatched Investment Opportunity in the Heart of LA!Step into an extraordinary chance to own a prime piece of real estate that combines income, convenience, and incredible potentialall in one! Nestled in a booming pocket of Los Angeles, this incoming-producing property is perfectly situated across two commercially zoned lots, paving the way for unlimited possibilities.Property Highlights:Diverse Income Streams: Boasting 14 residential studio units on the top floor and 3 commercial spaces on the ground level, this vibrant property generates nearly $29,000 in monthly income! Imagine your residential tenants covering your mortgage while you run your own business right downstairs!Prime Location: With the 2028 Olympics coming to town, you’re investing in an area poised for explosive growth and appreciation. Be part of this thriving community and benefit from the increasing demand for both residential and commercial space.Ample Parking & Accessibility: Featuring 22 dedicated parking spaces, your tenants and patrons will enjoy easy access, making this property even more appealing.Utility Management: Get creative with utility costs! All commercial units pay their own electricity. Plus, you have the option to adjust utility charges for 33.3% of the residential units that currently pay a flat feeresulting in potential additional income.Government Subsidy Advantage: 5 of the residential units are government-subsidized through Section 8, providing stable income and a security net in any market environment.Why wait? Opportunities like this don’t come along often! This value-add property offers plenty of upsidewhether you’re looking to expand your investment portfolio, begin your real estate journey, develop bigger buildings and are in need of a double lot, or capitalize on the heightened demand in a fast-developing area. The future is bright, and so is your investment potential!Seize the moment to make a smart investment in LA’s flourishing market that is predicted to become even more lucrative. Schedule your private tour today and envision the endless possibilities that this exceptional property has to offer!
Property Details
Price:
$3,199,990
MLS #:
25509255
Status:
Active
Baths:
0
Address:
3551 S Western Avenue
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
90018
Lot Size:
12,231 sqft / 0.28 acres (approx)
Year Built:
1957
See this Listing
Mortgage Calculator
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
View
City Lights
Financial
Map
Community
- Address3551 S Western Avenue Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
Similar Listings Nearby
- 423 N Harvard Boulevard
Los Angeles, CA$4,150,000
3.80 miles away
- 4505 W 18th
Los Angeles, CA$4,150,000
2.00 miles away
- 925 N Eucalyptus Avenue
Inglewood, CA$4,100,000
4.40 miles away
- 914 S Gramercy Drive
Los Angeles, CA$4,090,000
2.20 miles away
- 4261 Leimert Boulevard
Los Angeles, CA$4,000,000
1.60 miles away
- 823 S Oxford Avenue
Los Angeles, CA$3,999,999
2.31 miles away
- 954 N Kingsley Drive
Los Angeles, CA$3,999,000
4.46 miles away
- 1259 W 36th Place
Los Angeles, CA$3,995,000
0.73 miles away
- 5930 S Hoover
Los Angeles, CA$3,995,000
2.86 miles away
- 843 S Ardmore Avenue
Los Angeles, CA$3,995,000
2.32 miles away

3551 S Western Avenue
Los Angeles, CA
LIGHTBOX-IMAGES