Homes for sale - 4614 S Western AVE, Los Angeles, CA 90062

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David Burchell

david@burchellhometeam.com +1(559) 234-2579

$1,399,000

Est. payment - /mo

4 Beds

8 Baths

7,824 SqFt

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UPDATED:

01/17/2025 01:01 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,824 sqft

Price per Sqft $178

MLS Listing ID 24460385

Bedrooms 4

Construction Status Fixer

HOA Y/N No

Year Built 1962

Lot Size 5,723 Sqft

Property Description

***Priced to Sell*** Value Added Opportunity for a fully vacant Residential/Commercial property consisting of 7,824 SF of building and 5,663.SF of land. South LA Property has a ton of upside and Live/Work potential. Great opportunity to bring four residential units on the market to provide much needed housing to the Los Angeles community. A possible conversion of commercial units to residential units would provide even more help to the existing housing crisis. Alternatively, keep the existing layout and provide a live/work or residential care facility for transitional housing. Mixed use property works for a variety of buyers including transitional and bridge housing providers, owner/user for SBA financing, non-profit companies providing services for the unhoused and at risk, job training programs, homeless shelters, and more.Features:Mid Century Modern Mixed-Use 2 Story Building, Central hallways with front and rear interior staircases. 1st Floor has 7 commercial units (retail and office)2nd Floor has 4 one-bedroom and one-bathroom residential apartment units. Some second floor units have partial views.Gated parking lot in rear with alley access. Property also features an atrium, front and rear staircases, and a storage room.Location:On Western Avenue Between 46th and 47th Street , South of Vernon Ave and North of Slauson Ave. in South Los Angeles. Located in an Opportunity Zone, Los Angeles State Enterprise Zone , Redevelopment Project Area - Western/Slauson, and Urban Agriculture Incentive Zone. 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. 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. Call Jon Varsano or Jerry Wiener.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAC2

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Parking Features Gated, Uncovered

Community Features Gated

Total Parking Spaces 5

Building

Faces West

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

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Listed by Jonathan Varsano • Jonathan Varsano

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David Burchell

+1(559) 234-2579

Team Leader & Realtor | License ID: #02033130

Team Leader & Realtor License ID: #02033130

4614 S Western AVE Los Angeles, CA 90062

David Burchell

Key Details

Location

Interior

Exterior

Building

Others

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