$ 1,750,000
4614 S Western AVE Los Angeles, CA 90062
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$ 1,750,000
Est. payment /mo
New
4614 S Western AVE Los Angeles, CA 90062
4 Beds
8 Baths
7,824 SqFt
UPDATED:
11/05/2024 10:08 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,824 sqft
Price per Sqft $223
MLS Listing ID 24460385
Bedrooms 4
Construction Status Fixer
HOA Y/N No
Year Built 1962
Lot Size 5,723 Sqft
Property Description
Value Added Opportunity for a fully vacant Retail/Office/Residential property consisting of 7,824 SF of building and 5,663.SF of land. Potential to remodel the existing building or build new development. Listed at below market prices and has live/work potential. Mid Century Modern Mixed Use 2 Story Building located on Western Avenue, just south of Vernon Avenue.1st Floor has 7 commercial units (retail and office)2nd Floor has 4 one-bedroom and one-bathroom residential apartment unitsGated parking lot in rear with alley access. Property also features an atrium, front and rear staircases, and a storage room.Located in an Opportunity Zone, Los Angeles State Enterprise Zone , Redevelopment Project Area - Western/Slauson, and Urban Agriculture Incentive Zone. Property has some deferred maintenance and needs updating. Various incentives and highly desirable loan programs for owner-users are available. Property neighbors several large new developments. Neighborhood has lots of upside and growth potential. Across the Street from Barack Obama Global Preparation Academy & Westbrook Middle School. On Western Avenue Between 46th and 47th Street, South of Vernon Ave and North of Slauson Ave.Located in Transit Oriented Community Tier 3 (TOC 3) with bus stops located at Western/Vernon and Western/48th Ave. The centrally located property is eligible for Reduced Parking Requirements, AB 2334 Density Bonus, and probably AB 2011 Streamlined Approval. Showing by appointment.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Garage Gated, Uncovered
Community Features Gated
Parking Type Gated, Uncovered
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5016014004
Security Features Gated Community,Smoke Detector(s)
Special Listing Condition Standard
Listed by Jonathan Varsano • Jonathan Varsano