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3551 Western Avenue, Los Angeles, CA 90018
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3551 Western Avenue
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  • MLS#: 25476693 ( )
  • Street Address: 3551 Western Avenue
  • Viewed: 2
  • Price: $3,199,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90018
  • Provided by: Clement Partners Real Estate
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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).
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Features
Appliances
  1. Microwave
  2. Refrigerator
Building Area Total
  1. 8000.00
Country
  1. US
Fireplace Features
  1. None
Flooring
  1. Laminate
Interior Features
  1. Ceiling Fan(s)
  2. Storage
Laundry Features
  1. See Remarks
Levels
  1. Two
Lot Features
  1. No Landscaping
Netoperatingincome
  1. 264192.00
Parcel Number
  1. 5041013002
Parking Features
  1. Assigned
Pool Features
  1. None
Property Condition
  1. Updated/Remodeled
Security Features
  1. Card/Code Access
  2. Gated Community
  3. Smoke Detector(s)
Sourcesystemkey
  1. 25-476693:CLAW
Spa Features
  1. None
Totalexpenses
  1. 94995.00
Uncovered Spaces
  1. 22.00
View
  1. City Lights
Window Features
  1. Drapes
Year Built
  1. 1957
Zoning
  1. LAC2