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4224 S Western Ave, Los Angeles, CA 90062
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4224 S Western Ave Los Angeles, CA 90062

$2,699,000
  • 17 Beds
  • 16 Baths
  • 7,400 Sq.Ft.
For Sale
$2,699,000 Get Pre-Qualified
Map preview of 4224 S Western Ave, Los Angeles, CA 90062

Property Overview: 4224 S Western Ave Los Angeles, CA has 17 bedrooms, 16 bathrooms, 7,400 living square feet and 5,667 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: **Beautiful Multi-Unit Property with ADU Near Downtown LA** Discover this recently built multi-unit property featuring four spacious units and an additional ADU. Each unit boasts four bedrooms and four bathrooms, while the ADU offers one bedroom and one bathroom. This property includes 2 garages for 2 car each and 4 car open space ensuring ample parking for residents and guests. Located in a beautiful area close to downtown Los Angeles, this property is an attractive investment opportunity. All units are currently rented, generating strong rental income. Don't miss the chance to bring your buyers to this exceptional property. Act fast, as opportunities like this are rare!

Listed by Oscar Isidro Morales Limon | BRE #01908712 | OPTION ONE REALTY & INVESTMENT
Last checked: 47 seconds ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
5,667
HOA Dues
$0/mo
Year built
2022
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
CV24150617
City
Los Angeles
County
Los Angeles
Time on Site
58 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,900
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,900
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 4224 S Western Ave

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Property Details for 4224 S Western Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5021009012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 110 S. EXIT MARTIN LUTHER KING JR. BLVD, LEFT ONTO WESTERN
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4224 S Western Ave

Last sold for $755,000 on December 14th, 2020

  • July, 2024

  • Jul 22, 2024

    Date

    Active

    CRMLS: CV24150617

    $2,700,000

    Price

  • October, 2023

  • Oct 31, 2023

    Date

    Canceled

    CRMLS: CV23167437

    $2,700,000

    Price

  • Sep 7, 2023

    Date

    Active

    CRMLS: CV23167437

    $2,700,000

    Price

  • Listing provided courtesy of CRMLS

    A prime real estate opportunity in the Los Angeles area, situated in close proximity to downtown. This property includes four individual residential units along with an additional Accessory Dwelling Unit (ADU). Each of the four units offers comfortable living spaces with modern amenities, making them ideal for both homeowners and investors. The ADU adds versatility to the property, allowing for rental income or extra living space. Located in a vibrant and sought-after neighborhood, this property provides convenient access to downtown Los Angeles, making it an attractive option for those seeking the perfect blend of urban living and investment potential. Don't miss out on this rare opportunity to own a multi-unit property in one of LA's most desirable locations! Units are currently tenant occupied. Only the ADU will be delivered vacant at closing.

  • July, 2022

  • Jul 18, 2022

    Date

    Canceled

    CRMLS: CV22107236

    $2,700,000

    Price

  • May 19, 2022

    Date

    Active

    CRMLS: CV22107236

    $2,700,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY. BRING YOUR FUSSIEST BUYERS! TWO BRAND NEW DUPLEX PROPERTIES AND ROUGH PLANS READY FOR CONSTRUCTION FOR A POTENTIAL FUTURE ADU. PROPERTY CURRENTLY SITS AS FOLLOWS. FRONT DUPLEX IS 4 BED/5 BA. & 4 BED/5 BA. & REAR DUPLEX IS 4 BED/3 BA & 4 BED/3 BA. PLENTY OF AMPLE PARKING AS EACH DUPLEX CONTAINS IT'S OWN ATTACHED TWO CAR GARAGE. NEW LAMINATE FLOORING THROUGHOUT, NEW WHITE SHAKER STYLE CABINETRY, NEW QUARTZ COUNTERTOPS, RECESSED LIGHTING, & SO MUCH MORE TO MENTION!

  • December, 2020

  • Dec 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $755,000

    Price

  • May, 2018

  • May 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2018

  • Apr 9, 2018

    Date

    Sold

    CRMLS: DW17273513

    $550,000

    Price

  • Feb 20, 2018

    Date

    Pending

    CRMLS: DW17273513

    $559,900

    Price

  • Feb 7, 2018

    Date

    Active Under Contract

    CRMLS: DW17273513

    $559,900

    Price

  • Dec 13, 2017

    Date

    Active

    CRMLS: DW17273513

    $559,900

    Price

  • Listing provided courtesy of CRMLS

    Attention Investors!! First time on the market in 30 years. This is a Single Family Residence in a LAC2 Lot, the property has 3 separate units with the biggest unit having a 4 bedroom and 2 bath, the other 2 units are studios with their own kitchen and bathroom. The seller is very motivated and is asking for a fast sale. There are permits for the additions and there is a usable basement, also the back gate has a remote control and it's very easy to access from the alley.

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Tax History for 4224 S Western Ave

Assessed Value (2020): $572,220
Year Land Value Improved Value Assessed Value
2020 $457,776 $114,444 $572,220

Home Value Compared to the Market

This property vs the competition

4224 S Western Ave is listed 124.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $364.73 per/sqft which puts the price per square foot 52.51% lower than the median price per square foot for the city of Los Angeles.

About 4224 S Western Ave

Detailed summary of property

4224 S Western Ave is a fourplex located in Los Angeles, CA 90062 and is currently for sale. This fourplex offers 17 bedrooms, 16 bathrooms, roughly 7,400 living square feet, and sits on an approximately 5,667 square foot lot. 4224 S Western Ave was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $2,699,000 and was originally asking $2,700,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 124.92% higher than the median priced home. Local competing homes currently for sale include 1731 S New Hampshire Ave, 1415 S St Andrews Pl and 3212 S Main St. While the average home in Los Angeles, CA is selling in 106 days, 4224 S Western Ave has a days on market of 58 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 4224 S Western Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4224 S Western Ave

Public county record property details
Beds
2
Baths
1
Year built
1912
Sq. Ft.
1,811
Lot Size
5,666
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5021-009-012

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

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Recently Sold Homes Near 4224 S Western Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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