7516 South Western Avenue

Los Angeles, CA 90047

$1,350,000
Price
8
Beds
6
Baths
4,180 Sq. Ft.
$323 / Sq. Ft.
4,180
Sq. Ft.
$323
per Sq. Ft.

Description

We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready units. The building amenities include a large parking area with six total...We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready units. The building amenities include a large parking area with six total spaces, and the property is separately metered for both gas & electricity.
  1. Listed by Ian Hollinger • DRE #01889125 • Brokerage DRE #01765179 • BRC Advisors- BH
  2. Listed by Griffin White • DRE #02031785 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 7516 South Western Avenue

Zoning
LAC2
Parcel Number
6018016014
Total Units
6.0
Living Area
4180
Source Living Area
Title Company
Area
Metropolitan Southwest (C36)
Vacancy Rate
2%
Lot Size Area
5494
LISTING UPDATED: 10/15/2024 12:01 AM

Property Details for 7516 South Western Avenue

StatusActive
MLS #24-450139
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.13 AC / 5,494 SF
CountyLos Angeles County

Building Information for 7516 South Western Avenue

Stories2Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,494 SF

Property Information for 7516 South Western Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $133,135
  • Net Operating Income: $96,003.00
  • Gross Income: $135,852
  • Cap Rate: 7.11%
  • Gross Rent Multiplier: $9.94
  • Total Annual Expense: 37132
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5494
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $941.00
  • Unit Actual Rent: $941.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,660.00
  • Unit Actual Rent: $1,660.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,680.00
  • Unit Actual Rent: $1,680.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,940.00
  • Unit Actual Rent: $1,940.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 7516 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 7516 South Western Avenue

Taxable ValueLand$769,375Additions$477,543Total$1,246,918
Tax Record2024$15,986 ($1,332 / month)
Home Facts
Total Finished SqFt4,180 SqFtAbove Grade Finished SqFt4,180 SqFtLot Size5,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAC2CountyLOS ANGELESAPN6018-016-014

Schools near 7516 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Avenue Elementary School
PublicK to 5

Alliance Leadership Middle Academy
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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7516 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on October 7, 2024 by BRC Advisors- BH, it's currently listed at $1,350,000. It has been on the market for a total of 75 days and was last sold on February 13, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Raymond Avenue Elementary School, Alliance Leadership Middle Academy and Augustus F. Hawkins High A Critical Design And Gaming. 7516 South Western Avenue is a 8-bed, 6-bath, 4,180 sqft multi-family home built in 1953.

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 BRC Advisors- BH, Ian Hollinger, DRE #01889125; BRC Advisors- BH, Griffin White, DRE #02031785

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.