3551 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90018- Koreatown
$3,199,000 USD
310-593-1470
3551 S Western Ave, Los Angeles, CA for Sale
$3,199,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

3551 S Western Ave
Los Angeles, CA 90018
Koreatown


HIGHLIGHTS

  • great investment opportunity
  • turnkey
  • great location

OVERVIEW

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 potential—all 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 fee—resulting 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 upside—whether 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!

FOR SALE DETAILS

PRICE

$3,199,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

17

PRICE/UNIT

$188,176

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5041-013-002

ASK ABOUT THIS PROPERTY

Anya CreedMaddox ManagementMore Info
310-593-1470

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Anya CreedMaddox ManagementMore Info
310-593-1470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.