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. Please do not disturb the tenants. One of the listing agents is related to the Seller. All showings will be subject to an accepted offer.
Property Details
Property Features
Property Information:
Year Built: 1922
Stories: 2
Living Area: 7,615 SqFt
Listing Office:
Office Name: RE/MAX One
Office Phone: (818) 366-3300
Listing Agent: Chase Simonton
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 7
Exterior Features
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Crenshaw Sci, Tech, Engr, Math and Med Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Barack Obama Global Preparation Academy, Public District Grades 6-8
View Park Preparatory Accelerated Charter Middle School, Public Charter Grades 6-8
Studio, Public District Grades 6-8
Normandie Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Western Ave & Vernon Ave
Price Information
Listing Price Info
Price Summary:
List Price: $1,495,000
Price Per SqFt: $196/SqFt
Tax Information:
Annual Amount: $10,320
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $508.5K more than the Median Sold Price and $436/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24353081
Listing Office:
Office Name: RE/MAX One
Office Phone: (818) 366-3300
Listing Agent: Chase Simonton
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/4/2024, 4:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 18, 2015
Jun 18, 2015Home Sold
$690,000
Mar 07, 2003
Mar 07, 2003Home Sold
$425,000
Feb 09, 2001
Feb 09, 2001Home Sold
$312,147
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,320
$766,117
2020
$10,037
$758,263
2019
$9,852
$743,396
2018
$9,614
$728,821
2017
$9,614
$714,531
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Normandie Avenue Elementary School
4505 S Raymond Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.89 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.09 miles
Public Magnet Grades KG-5
Middle School
2
/10
Barack Obama Global Preparation Academy
1700 W 46th St
Distance between this listing and this school0.24 miles
Public District Grades 6-8
3
/10
View Park Preparatory Accelerated Charter Middle School
5010 11th Ave
Distance between this listing and this school1.22 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.06 miles
Public District Grades 6-8
High School
2
/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet
5010 11th Ave
Distance between this listing and this school1.22 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.01 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school16.98 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Normandie Avenue Elementary School
4505 S Raymond Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.89 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.09 miles
Public Magnet Grades KG-5
Assigned Schools
2
/10
Barack Obama Global Preparation Academy
1700 W 46th St
Distance between this listing and this school0.24 miles
Public District Grades 6-8
3
/10
View Park Preparatory Accelerated Charter Middle School
5010 11th Ave
Distance between this listing and this school1.22 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.06 miles
Public District Grades 6-8
Assigned Schools
2
/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet
5010 11th Ave
Distance between this listing and this school1.22 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.01 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school16.98 miles
The neighbors living near this home have an average income of $51,425. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4351 S Western Ave
What is the listing price of this property?
The listing price of 4351 S Western Ave property is $1,495,000.
What type of property is this?
The property 4351 S Western Ave is a house located in Los Angeles, California, 90062.
Is this property for sale now?
Active Listing: 4351 S Western Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4351 S Western Ave are: Normandie Avenue Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Barack Obama Global Preparation Academy: GreatSchools Rating 2/10View Park Preparatory Accelerated Charter Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10Crenshaw Sci, Tech, Engr, Math and Med Magnet: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,320 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 18, 2015 for $690,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4351 S Western Ave has 7 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 4351 S Western Ave is 7,615 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4351 S Western Ave is 1922.
This home is located at 4351 S Western Ave in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This 7,615 square foot home, which was built in 1922, sits on a 0.17 acre lot. Features: 7 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $1,495,000.
While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.