$3,199,000
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Western Ave Los Angeles, CA 90018
Other
Residence
Beds
18
Baths
8,000
Sq. Ft.
0.28
Acre
Lot
Property Activity
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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! Monthl...y 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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MLS#
25-476693
Property Type
Other
Bathrooms
Year Built
1957
Square Feet
8,000
sq. ft
Price per Sq. Ft.
$399.88
Lot Size
0.28
Sewer
No Sewer
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