Search
4351 S Western Ave, Los Angeles, CA 90062
Image 2 for 4351 S Western Ave, Los Angeles, CA 90062
Image 3 for 4351 S Western Ave, Los Angeles, CA 90062
View Photos

4351 S Western Ave Los Angeles, CA 90062

$1,495,000
  • 7 Beds
  • 6 Baths
  • 7,615 Sq.Ft.
For Sale
$1,495,000 Get Pre-Qualified
Map preview of 4351 S Western Ave, Los Angeles, CA 90062

Property Overview: 4351 S Western Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 7,615 living square feet and 7,286 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: 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.

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Co-listed by Robert Carlile | BRE #02066811 | RE/MAX One
Last checked: 12 minutes ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 88
Get a $4,485 Cash Reward New

Buy this home with Ardent Real Estate Group and get $4,485 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,286
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24353081
City
Los Angeles
County
Los Angeles
Time on Site
99 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,721
  • Total Rent: $3,721
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,084
  • Total Rent: $1,084
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,172
  • Total Rent: $1,172
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,052
  • Total Rent: $1,052
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.82%
  • Gross Rent Multiplier: 9.15
  • Gross Scheduled Income: --
  • Net Operating Income: $101,912
  • Gross Operating Income: $163,368
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4351 S Western Ave

No upcoming open houses

Schedule Tour

Property Details for 4351 S Western Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5021025001
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Western Ave & Vernon Ave
View more facts & features

Local Los Angeles Agent

Sale History for 4351 S Western Ave

Last sold for $690,000 on June 18th, 2015

  • January, 2024

  • Jan 30, 2024

    Date

    Active

    CRMLS: 24353081

    $1,595,000

    Price

  • May, 2021

  • May 26, 2021

    Date

    Expired

    CRMLS: PW19122784

    $1,380,000

    Price

  • May 11, 2020

    Date

    Withdrawn

    CRMLS: PW19122784

    $1,380,000

    Price

  • Mar 3, 2020

    Date

    Price Change

    CRMLS: PW19122784

    $1,380,000

    Price

  • Feb 5, 2020

    Date

    Price Change

    CRMLS: PW19122784

    $1,390,000

    Price

  • Aug 6, 2019

    Date

    Price Change

    CRMLS: PW19122784

    $1,440,000

    Price

  • May 26, 2019

    Date

    Active

    CRMLS: PW19122784

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    4351-4353 S. Western Ave. is a mixed use building located on the southwest corner of Western Ave and W. 43rd Pl. It features two commercial storefronts (option of three) on the first floor and six residential units on the second floor. Enclosed parking is in the rear of the property. Zoning is C2. Building sq ft 7,615. Parcel sq ft 7,285

  • December, 2018

  • Dec 10, 2018

    Date

    Expired

    CRMLS: PW18164249

    $1,499,000

    Price

  • Nov 27, 2018

    Date

    Price Change

    CRMLS: PW18164249

    $1,499,000

    Price

  • Nov 12, 2018

    Date

    Price Change

    CRMLS: PW18164249

    $1,539,000

    Price

  • Oct 13, 2018

    Date

    Price Change

    CRMLS: PW18164249

    $1,559,000

    Price

  • Sep 18, 2018

    Date

    Price Change

    CRMLS: PW18164249

    $1,599,000

    Price

  • Sep 3, 2018

    Date

    Price Change

    CRMLS: PW18164249

    $1,655,000

    Price

  • Jul 9, 2018

    Date

    Active

    CRMLS: PW18164249

    $1,675,000

    Price

  • Listing provided courtesy of CRMLS

    Money Maker! 4351-4353 is a mixed use building located on the southwest corner of Western and W. 43rd Pl. This property features two commercial storefront on the first floor. Six residential units on the second floor.

  • June, 2015

  • Jun 18, 2015

    Date

    Sold (Public Records)

    Public Records

    $690,000

    Price

  • March, 2003

  • Mar 7, 2003

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

Show More

Tax History for 4351 S Western Ave

Assessed Value (2020): $758,263
Year Land Value Improved Value Assessed Value
2020 $604,414 $153,849 $758,263

Home Value Compared to the Market

This property vs the competition

4351 S Western Ave is listed 21.05% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $196.32 per/sqft which puts the price per square foot 74.64% lower than the median price per square foot for the city of Los Angeles.

About 4351 S Western Ave

Detailed summary of property

4351 S Western Ave is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 7,615 living square feet, and sits on an approximately 7,286 square foot lot. 4351 S Western Ave was first listed on ArdentRealEstateGroup.com on January 30, 2024. The homeowner is currently asking $1,495,000 and was originally asking $1,595,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.05% higher than the median priced home. Local competing homes currently for sale include 2074 W 54th St, 4080 Leimert Blvd and 4136 Leimert Blvd. While the average home in Los Angeles, CA is selling in 94 days, 4351 S Western Ave has a days on market of 88 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 4351 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 4351 S Western Ave

Public county record property details
Beds
--
Baths
--
Year built
1922
Sq. Ft.
7,615
Lot Size
7,284
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5021-025-001

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
$855,000
Median List Price/Sq.Ft.
$578
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
31
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $4,485.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $4,485 Cash Reward New

Buy this home with Ardent Real Estate Group and get $4,485 back.

Call/Text (714) 706-1823

Homes for Sale Near 4351 S Western Ave

Nearby Homes for Sale

4112 Dalton Ave, Los Angeles, CA 90062
$1,249,000
6 Beds
4 Baths
3558 Sq.Ft.
4112 Dalton Ave
Los Angeles, CA 90062
1901 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
$1,500,000
45 Beds
0 Baths
5602 Sq.Ft.
1901 W Martin Luther King Jr Blvd
Los Angeles, CA 90062
3945 Denker Ave, Los Angeles, CA 90062
$1,240,000
11 Beds
6 Baths
4790 Sq.Ft.
3945 Denker Ave
Los Angeles, CA 90062
1557 W 52nd St, Los Angeles, CA 90062
$1,225,000
6 Beds
7 Baths
3337 Sq.Ft.
1557 W 52nd St
Los Angeles, CA 90062
3877 Denker Ave, Los Angeles, CA 90062
$1,300,000
9 Beds
6 Baths
3770 Sq.Ft.
3877 Denker Ave
Los Angeles, CA 90062
5321 Denker Ave, Los Angeles, CA 90062
$1,280,000
8 Beds
4 Baths
3220 Sq.Ft.
5321 Denker Ave
Los Angeles, CA 90062
1399 W 39th St, Los Angeles, CA 90062
$1,499,000
9 Beds
4 Baths
3966 Sq.Ft.
1399 W 39th St
Los Angeles, CA 90062
1399 W 39th St, Los Angeles, CA 90062
$1,499,000
9 Beds
4 Baths
3699 Sq.Ft.
1399 W 39th St
Los Angeles, CA 90062

Recently Sold Homes Near 4351 S Western Ave

4300 S Western Ave, Los Angeles, CA 90062
$700,000 Last Sold Price
6 Beds
4 Baths
2712 Sq.Ft.
4300 S Western Ave
Los Angeles, CA 90062
1642 W Vernon Ave, Los Angeles, CA 90062
$550,000 Last Sold Price
6 Beds
4 Baths
2600 Sq.Ft.
1642 W Vernon Ave
Los Angeles, CA 90062
4308 S Hobart Blvd, Los Angeles, CA 90062
$655,000 Last Sold Price
3 Beds
2 Baths
1388 Sq.Ft.
4308 S Hobart Blvd
Los Angeles, CA 90062
4259 S Western Ave, Los Angeles, CA 90062
$2,350,000 Last Sold Price
20 Beds
20 Baths
8490 Sq.Ft.
4259 S Western Ave
Los Angeles, CA 90062

Related Resources to 4351 S Western Ave

New Listings in 90062
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call