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7804 S Western Ave, Los Angeles, CA 90047
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7804 S Western Ave Los Angeles, CA 90047

$715,000
  • 4 Beds
  • 4 Baths
  • 1,680 Sq.Ft.
For Sale
$715,000 Get Pre-Qualified
Map preview of 7804 S Western Ave, Los Angeles, CA 90047

Property Overview: 7804 S Western Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 1,680 living square feet and 5,504 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: We are pleased to present two (2) concurrent duplexes located at 7804-7808 S Western Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue. Built in 1947 and 1952, this concurrent double-lot contains a streamlined unit mix of four (4) one-bedroom / one-bathroom bungalow style units spread across two (2) duplexes. One (1) unit will be delivered vacant. The double lot has a favorable zoning of LAC2-1VL-CPIO under the South Los Angeles implementation overlay with addition TOC incentives under tier 1, and ED 1 eligibility to eliminate parking requirements. This opens countless opportunities to add value in this changing neighborhood. The property sits between two (2) new construction residential developments, one (1) under construction to the north and one (1) 2018 construction to the south. The zoning and abutting 16ft alleyway allows the construction of seven (7) units by-right, or twenty-four (24) potential buildable units based off an increased base density per CPIO in a TOC project. Alternatively, there is also potential to build multiple ADU units in the back of the property. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor or developer to capitalize on adding value in a rapidly changing market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 152
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Home details

Lot Sq. Ft
5,504
HOA Dues
$0/mo
Year built
1952
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23336875
City
Los Angeles
County
Los Angeles
Time on Site
153 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,222
  • Total Rent: $1,222
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.25%
  • Gross Rent Multiplier: 10.89
  • Gross Scheduled Income: --
  • Net Operating Income: $44,657
  • Gross Operating Income: $63,694
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 7804 S Western Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Gated, Parking Space
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 6018032002
  • Architectural Style: Bungalow
  • Has Additional Parcels
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a solid South Los Angeles location, south of W Florence Avenue and west of S Normandie Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 7804 S Western Ave

Last sold on January 23rd, 2013

  • December, 2023

  • Dec 4, 2023

    Date

    Active

    CRMLS: 23336875

    $725,000

    Price

  • October, 2017

  • Oct 25, 2017

    Date

    Canceled

    CRMLS: SB17213225

    $235,000

    Price

  • Oct 24, 2017

    Date

    Active

    CRMLS: SB17213225

    $235,000

    Price

  • Oct 23, 2017

    Date

    Hold

    CRMLS: SB17213225

    $235,000

    Price

  • Sep 15, 2017

    Date

    Active

    CRMLS: SB17213225

    $235,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious remodeled 1 beds on gated 25 x 110 street to alley lot. 23K actual income with upside. Driveway in front and 4 car parking in rear. Built 1952, separate gas and electric meters, no city violations. Very low maintenance, seller just pays water and trash. 78 Walkscore. 1.8 miles N/E of the new Forum, Rams NFL stadium and 238 acre Hollywood Park Tomorrow development. Median Zestimate 418K. Also see identical building next door - must be sold together to the same buyer, escrows to close concurrently. Perfect property to start your real estate empire.

  • August, 2017

  • Aug 9, 2017

    Date

    Canceled

    CRMLS: SB17146835

    $235,000

    Price

  • Jun 28, 2017

    Date

    Active

    CRMLS: SB17146835

    $235,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious remodeled 1 beds on gated 25 x 110 street to alley lot. Driveway in front and 4 car parking in rear. Built 1952, no city violations.78 Walkscore! 1.8 miles N/E of the new Forum, Rams NFL stadium and 238 acre Hollywood Park Tomorrow development.Median Zestimate 418K Also see identical building next door - must be sold together to the same buyer, sale of adjacent property, escrow to close concurrently.

  • January, 2013

  • Jan 23, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2008

  • Dec 22, 2008

    Date

    Sold (Public Records)

    Public Records

    $95,000

    Price

  • November, 2007

  • Nov 25, 2007

    Date

    Expired

    CRMLS: 12098203

    $296,900

    Price

  • Aug 30, 2007

    Date

    Active

    CRMLS: 12098203

    $326,500

    Price

  • Listing provided courtesy of CRMLS

    Fannie Mae Owned! Both units vacant. This affordable duplex is an excellent opportunity for investors or owner/occupants. Needs some TLC. Sold AS-IS.

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Tax History for 7804 S Western Ave

Assessed Value (2020): $173,080
Year Land Value Improved Value Assessed Value
2020 $147,181 $25,899 $173,080

Home Value Compared to the Market

This property vs the competition

7804 S Western Ave is listed 41.63% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $425.6 per/sqft which puts the price per square foot 45.01% lower than the median price per square foot for the city of Los Angeles.

About 7804 S Western Ave

Detailed summary of property

7804 S Western Ave is a multi family located in Los Angeles, CA 90047 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 1,680 living square feet, and sits on an approximately 5,504 square foot lot. 7804 S Western Ave was first listed on ArdentRealEstateGroup.com on December 4, 2023. The homeowner is currently asking $715,000 and was originally asking $725,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.63% lower than the median priced home. Local competing homes currently for sale include 1745 W 59th Pl, 2317 Hyde Park Blvd and 940 W 76th St. While the average home in Los Angeles, CA is selling in 96 days, 7804 S Western Ave has a days on market of 152 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 7804 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7804 S Western Ave

Public county record property details
Beds
2
Baths
2
Year built
1952
Sq. Ft.
840
Lot Size
2,751
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
6018-032-002

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
86
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

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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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