4351-4353 Western Ave, Los Angeles, CA 90062
8 Unit Apartment Building | $1,495,000 ($186,875/Unit) | 6.82% Cap Rate | Los Angeles, CA 90062
For Sale
Active
Asking Price $1,495,000
- Property Type
-
Multifamily
- Square Feet
- 7,615 SF
Listing Contacts
Chase Simonton
Robert Carlile
Property Overview
Remax One Commercial Presents, 4351 S Western Ave, a prime investment opportunity in the vibrant community of South Los Angeles. This mixed-use property offers a dynamic combination of 6 residential units on the second floor and 2 commercial storefront spaces on the first floor. Currently, three of the residential units are vacant, renovated, and ready for immediate occupancy, presenting an excellent opportunity for prospective tenants.
Boasting a total building size of 7,615 square feet and a spacious lot measuring 7,284 square feet, this property is a cash cow for savvy investors, operating at an attractive 6.31% cap rate. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal.
The strategic location of 4351 S Western Ave ensures a steady flow of potential tenants and customers, making it an ideal investment in the bustling heart of South Los Angeles. In addition to its financial allure, the property features ample parking space in the rear, accommodating up to 8 cars, enhancing convenience for both residents and commercial tenants.
Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Seize the opportunity to own and operate this gem in South Los Angeles, where modernity meets investment excellence. One of the listing agents is related to the seller. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Boasting a total building size of 7,615 square feet and a spacious lot measuring 7,284 square feet, this property is a cash cow for savvy investors, operating at an attractive 6.31% cap rate. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal.
The strategic location of 4351 S Western Ave ensures a steady flow of potential tenants and customers, making it an ideal investment in the bustling heart of South Los Angeles. In addition to its financial allure, the property features ample parking space in the rear, accommodating up to 8 cars, enhancing convenience for both residents and commercial tenants.
Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Seize the opportunity to own and operate this gem in South Los Angeles, where modernity meets investment excellence. One of the listing agents is related to the seller. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Property Details
- Class
- C
- Year Built
- 1922
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 8
Highlights
- 8 Units- Mixed-Use Commercial/Residential
- Unit Mix: (5) 1+1 Units, (1) 2+1 Unit and (2) Commercial Units
- 3 Vacant Residential Units
- 8 Gated Parking Spots- No Seismic Retrofit Required
- Large 1st Floor Commercial Spaces (+-3,000 Sq ft & +-1,000 Sq ft)
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