4614 South Western Avenue

Los Angeles, CA 90062

$1,750,000
Price
4
Beds
8
Baths
7,824 Sq. Ft.
$224 / Sq. Ft.
7,824
Sq. Ft.
$224
per Sq. Ft.

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...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.
  1. Listed by Jonathan Varsano • DRE #01164716 • Brokerage DRE #01164716 • Jonathan Varsano

Property Details for 4614 South Western Avenue

Zoning
LAC2
Parcel Number
5016014004
Total Units
11.0
Living Area
7824
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
100%
Lot Size Area
5722
LISTING UPDATED: 11/15/2024 11:39 AM

Property Details for 4614 South Western Avenue

StatusActive
MLS #24-460385
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.13 AC / 5,722 SF
CountyLos Angeles County

Building Information for 4614 South Western Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.13 AC / 5,722 SF

Property Information for 4614 South Western Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 11
  • Security Features: Gated, Smoke Detector
  • Property Condition: Fixer
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1314
  • Lot Size Square Feet: 5722
Parking Details
Parking Details
  • Parking Garage: Gated, Uncovered
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Gated, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $106,251.00
  • Assessed Improvement Percent: 79.13
  • Assessed Land Value: $28,016.00
  • Assessed Land Percent: 20.87
  • Assessed Total Value: $134,267.00

Property History for 4614 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4614 South Western Avenue

Taxable ValueLand$28,576Additions$108,376Total$136,952
Tax Record2024$2,570 ($214 / month)
Home Facts
Total Finished SqFt7,824 SqFtAbove Grade Finished SqFt7,824 SqFtStories1Lot Size5,722 SqFtStyleOffice BuildingYear Built1962ZoningLAC2CountyLOS ANGELESAPN5016-014-004

Schools near 4614 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 11
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Barack Obama Global Preparation Academy
Public6 to 11

California Collegiate Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4614 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on October 1, 2024 by Jonathan Varsano, it's currently listed at $1,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gifted Academy Of Math And Entrepreneurial Studies, Barack Obama Global Preparation Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4614 South Western Avenue is a 4-bed, 8-bath, 7,824 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jonathan Varsano, Jonathan Varsano, DRE #01164716

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.