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4424 S Western Ave, Los Angeles, CA 90062
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4424 S Western Ave Los Angeles, CA 90062

$1,550,000 Sold Price as of 03/28/2022
  • -- Beds
  • -- Baths
  • 3,696 Sq.Ft.
Sold
$1,550,000 Sold Price as of 03/28/2022 Refinance Your Mortgage
Map preview of 4424 S Western Ave, Los Angeles, CA 90062

Property Overview: 4424 S Western Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 3,696 living square feet and 5,745 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property is a commercial retail building consisting of two lots. Addresses of both lots are 4424-26 S Western Ave, Los Angeles, CA 90062. One lot with the retail center on it and the other is the parking lot for a total lot size of 11,595 s.f. Buyer can renovate and subdivide space into multiple retail spaces or use as one retail location. Also, property is an excellent development opportunity to build 28 multifamily residential units by right and up to 50 units with TOC Tier 3 incentives with a CPIO density provision of 1 unit per 400 s.f. There are several new multi-family residential units either under construction or have already been developed in the area. More information is coming soon. Buyer to verify all property information, including building and lot size.

Listed by Wayne Brown | BRE #00914550 | F C E Realty
Last checked: 11 minutes ago | Last updated: April 9th, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
5,745
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Retail
Status
Sold
MLS#
PW21270651
City
Los Angeles
County
Los Angeles
Time on Site
868 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 0
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4424 S Western Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5016004004
  • Year Built Source: Assessor
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: SEC of S Western and 44th St, just one block south of Vernon Ave. Take 110 Fwy South or North, exit Vernon Ave and head west for 1.5 miles.
View more facts & features

Local Los Angeles Agent

Sale History for 4424 S Western Ave

Last sold for $1,550,000 on March 28th, 2022

  • April, 2022

  • Apr 9, 2022

    Date

    Sold

    CRMLS: PW21270651

    $1,550,000

    Price

  • Jan 19, 2022

    Date

    Pending

    CRMLS: PW21270651

    $1,600,000

    Price

  • Jan 1, 2022

    Date

    Active

    CRMLS: PW21270651

    $1,600,000

    Price

  • November, 2021

  • Nov 29, 2021

    Date

    Canceled

    CRMLS: DW21206261

    $1,450,000

    Price

  • Oct 15, 2021

    Date

    Active

    CRMLS: DW21206261

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 4424-4426 Western Avenue. This is a great opportunity for an owner-operator or developer to take advantage of all that this South Los Angeles/Vermont Square property has to offer. The subject is located on an Empowerment Congress Central C2 Corner Lot with the potential to build up to 50 units with TOC Tier 3 (calculated using TOC incentives along with the CPIO density provision of 1 unit per 400 sq. ft. see zoning use report for details). Property is zoned C2-2D-CPIO and falls within a state enterprise zone, opportunity zone, and SBA Qualified HubZone.

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Tax History for 4424 S Western Ave

Assessed Value (2020): $245,683
Year Land Value Improved Value Assessed Value
2020 $110,954 $134,729 $245,683

Home Value Compared to the Market

This property vs the competition

4424 S Western Ave sold on March 28, 2022 for 34.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $432.9 per/sqft which puts the price per square foot 42.66% lower than the current median sale per square foot for the city of Los Angeles.

About 4424 S Western Ave

Detailed summary of property

4424 S Western Ave is a retail that recently sold in Los Angeles, CA 90062. This retail property offered -- bedrooms, -- bathrooms, roughly 3,696 living square feet, and sits on an approximately 5,745 square foot lot. 4424 S Western Ave was first listed on ArdentRealEstateGroup.com on January 1, 2022. The homeowner sold the property for $1,550,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.45% higher than the current median priced home. Local homes that are currently for sale include 8871 Sierra Ave #8 and 1232 W Base Line St. While the average home in Los Angeles, CA is selling in 92 days, 4424 S Western Ave has a days on market of 18 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4424 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 4424 S Western Ave

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
3,696
Lot Size
5,745
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5016-004-004

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
$859,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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