3551 S Western Avenue
Los Angeles, CA 90018
- – beds
- – baths
- – sqft
- 12,231 sqft lot
- 1957 build
- – on site
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!
Last checked:
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Last updated Mar 10, 2025
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MLS# 25509255 —
The Building
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Year Built:1957
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New Construction:No
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Building Area Total:8000.00
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Total Number Of Units:17
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# of Buildings:1
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:3
Interior
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Features:Ceiling Fan(s), Storage
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Levels:Two
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Window Features:Drapes
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Flooring:Laminate
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Fireplace:No
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Fireplace:None
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Laundry:See Remarks
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Laundry:1
Location
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Directions:South Down Western on your right -- 35th Place and Western.
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Latitude:34.02345900
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Longitude:-118.30917000
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LAC2
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Lot Features:No Landscaping
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Lot Size Area:12231.0000
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Lot Size Acres:0.2808
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Lot Size SqFt:12231.00
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View:1
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View:City Lights
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Security Features:Card/Code Access, Gated Community, Smoke Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5041013002
Appliances
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Appliances:Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:22.00
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Uncovered Spaces:22.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/10/25
Mar 10, 2025
|
Listed / Active | CRMLS_CA | $3,199,990 | |
|
1/6/25
Jan 6, 2025
|
Listed / Active | CRMLS_CA | ||
|
7/20/23
Jul 20, 2023
|
Listed / Active | CRMLS_CA |
