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4614 S Western Avenue

Los Angeles, CA 90062

– beds
– baths
– sqft
5,722 sqft lot
1962 build
– on site

Value Added Opportunity for a fully vacant Retail/Office/Residential property consisting of 7,824 SF of building and 5,663.SF of land. Potential to remodel the existing building or build new development. Listed at below market prices and has live/work potential. Mid Century Modern Mixed Use 2 Story Building located on Western Avenue, just south of Vernon Avenue.1st Floor has 7 commercial units (retail and office)2nd Floor has 4 one-bedroom and one-bathroom residential apartment unitsGated parking lot in rear with alley access. Property also features an atrium, front and rear staircases, and a storage room.Located in an Opportunity Zone, Los Angeles State Enterprise Zone , Redevelopment Project Area - Western/Slauson, and Urban Agriculture Incentive Zone. Property has some deferred maintenance and needs updating. Various incentives and highly desirable loan programs for owner-users are available. Property neighbors several large new developments. Neighborhood has lots of upside and growth potential. Across the Street from Barack Obama Global Preparation Academy & Westbrook Middle School. On Western Avenue Between 46th and 47th Street, South of Vernon Ave and North of Slauson Ave.Located in Transit Oriented Community Tier 3 (TOC 3) with bus stops located at Western/Vernon and Western/48th Ave. The centrally located property is eligible for Reduced Parking Requirements, AB 2334 Density Bonus, and probably AB 2011 Streamlined Approval. Showing by appointment.

Listed By CRMLS_CA / Jonathan Varsano / Jonathan Varsano

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# 24460385 —

The Building

Year Built:

1962
New Construction:

No
Building Area Total:

7824.00
# of Buildings:

1
Total Number Of Units:

11
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

On Western Avenue Between 46th and 47th Street, South of Vernon Ave and North of Slauson Ave.
Latitude:

34.00139200
Longitude:

-118.30857100

The Property

Property Type:

Residential Income
Property Condition:

Fixer
Zoning:

LAC2
Lot Size Area:

5722.0000
Lot Size Acres:

0.1314
Lot Size SqFt:

5722.00
Security Features:

Gated Community, Smoke Detector(s)

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5016014004

Heating & Cooling

Heating:

1
Heating:

Natural Gas
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Gated, Uncovered
Parking Spaces:

5.00
Uncovered Spaces:

5.00

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	% Change
11/5/24 Nov 5, 2024	Listed / Active	CRMLS_CA	$1,750,000

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This multifamily located in South LA, Los Angeles, CA 90062 is currently for sale for $1,750,000. 4614 S Western Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 16 days. 4614 S Western Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 64, making it somewhat walkable. This multifamily is in the attendance area of Normandie Avenue Elementary School, Crenshaw Magnets: Science Tech Engineer Math & Medicine, and Barack Obama Global Preparation Academy.

Listing Courtesy of: CRMLS_CA and Jonathan Varsano. Based on information from California Regional Multiple Listing Service, Inc. as of 13:57 on Nov 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.