3551 S Western Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3551 S Western Ave
17 Unit Apartment Building $3,199,000 ($188,176/Unit) Los Angeles, CA 90018
INVESTMENT HIGHLIGHTS
- great investment opportunity
- great location
- turnkey
EXECUTIVE SUMMARY
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!
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!
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
UNIT AMENITIES
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Basement
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Bicycle Storage
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | $1,500 | 4,000 |
| Studios | 1 | $3,245 | 2,000 |
| Studios | 2 | $2,570 | 2,000 |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5041-013-002 | Improvements Assessment | $830,955 |
| Land Assessment | $1,983,572 | Total Assessment | $2,814,527 |
PROPERTY TAXES
Parcel Number
5041-013-002
Land Assessment
$1,983,572
Improvements Assessment
$830,955
Total Assessment
$2,814,527
ZONING
| Zoning Code | C2, Los Angeles |
| C2, Los Angeles |
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3551 S Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.