CA > Los Angeles
Los Angeles, CA 90062,4614 S Western AVE
Los Angeles, CA 90062,4614 S Western AVE
Los Angeles, CA 90062,4614 S Western AVE
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$1,750,000
Est. payment /mo
4 Beds
8 Baths
7,824 SqFt
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UPDATED:

11/15/2024 07:55 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

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

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California Regional MLS (CRMLS)
Listed by Jonathan Varsano • Jonathan Varsano
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