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3551 S Western Avenue

Los Angeles, CA 90018

– beds
– baths
– sqft
12,231 sqft lot
1957 build
– on site

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).

Listed By CRMLS_CA / William Creed / Clement Partners Real Estate

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# 25476693 —

The Building

Year Built:

1957
New Construction:

No
Building Area Total:

8000.00
Total Number Of Units:

17
# of Buildings:

1
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Features:

Ceiling Fan(s), Storage
Levels:

Two
Window Features:

Drapes
Flooring:

Laminate
Fireplace:

No
Fireplace:

None
Laundry:

See Remarks
Laundry:

1

Location

Directions:

South Down Western on your right -- 35th Place and Western.
Latitude:

34.02345900
Longitude:

-118.30917000

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Zoning:

LAC2
Lot Features:

No Landscaping
Lot Size Area:

12231.0000
Lot Size Acres:

0.2808
Lot Size SqFt:

12231.00
View:

1
View:

City Lights
Security Features:

Card/Code Access, Gated Community, Smoke Detector(s)

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5041013002

Appliances

Appliances:

Microwave, Refrigerator
Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

22.00
Uncovered Spaces:

22.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
1/6/25 Jan 6, 2025	Listed / Active	CRMLS_CA	$3,199,000
7/20/23 Jul 20, 2023	Listed / Active	CRMLS_CA
6/8/22 Jun 8, 2022	Price Changed	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90018 is currently for sale for $3,199,000. 3551 S Western Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 15 days. 3551 S Western Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Foshay Learning Center, Birdielee V Bright Elementary School, and Susan Miller Dorsey Senior High School.

Listing Courtesy of: CRMLS_CA and Clement Partners Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Jan 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.