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$3,199,990

Beds
Unknown
sq ft
8,000

3551 S Western Ave, Los Angeles, CA 90018

3551 S Western Ave

Los Angeles, CA 90018

  • 21 days on market
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 potentialall 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 feeresulting 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 upsidewhether 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!

Details

Property type

Est. home value

$3,376,308

Property condition

Updated/Remodeled

Lot size

0.2808 acres

Price per sq ft

$400

Year built

1957

HOA

No

Price History

03/10/2025
CLAW

CLAW #25509255

Listed
$3,199,990
+0.03%
01/31/2025
CLAW

CLAW #25476693

Removed
$3,199,000
01/05/2025
CLAW

CLAW #25476693

Listed
$3,199,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cathay Bank

Loan start date

August 2020

Original loan amount

$1,917,500

Est. remaining balance

Not provided

Interest rate

3.08%

Loan type

Credit Line (Revolving)

Seller

2612 Idell Avenue Llc

Lender

R D Olson Investments Ii Llc

Loan start date

February 2020

Original loan amount

$1,877,500

Est. remaining balance

Not provided

Interest rate

3.74%

Loan type

Stand Alone First

Seller

2612 Idell Avenue Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:40 AM

Listing updated: 03/10/2025 at 11:15 AM

Listed by: William Creed, Clement Partners Real Estate Phone #: (310) 822-7262

MLS: CLAW #25509255

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