2946 S Western AVE, Los Angeles, CA 90018
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Janine Marie Gregory

Janine Marie Gregory

+1(626) 423-2408
$ 1,100,000
Est. payment /mo
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2946 S Western AVE Los Angeles, CA 90018

11 Beds

4 Baths

3,280 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,280 sqft

Price per Sqft $335

MLS Listing ID 26855359

Bedrooms 11

HOA Y/N No

Year Built 1961

Lot Size 5,762 Sqft

Property Description

Excellent opportunity to acquire a cash-flowing four-plex in the high-demand Adams-Normandie neighborhood of Los Angeles. Situated on a 5,761-square-foot LAC2-zoned lot, this two-story asset offers significant upside potential through immediate rental repositioning and future redevelopment.The property features a strong unit mix consisting of three spacious 3-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, totaling approximately 3,280 square feet. One 3-bedroom unit will be delivered vacant at the close of escrow, making this an ideal opportunity for an owner-user looking to occupy a unit while generating income, or an investor aiming to immediately renovate and capture market rents. The remaining units are tenant-occupied, with interiors kept in clean, original, and fully operable condition.The property is exceptionally well-structured for an investor, featuring four separate water meters so that tenants pay for their own gas, electricity, water, sewer, trash, and laundry usage. Owner responsibilities are kept to a minimum, covering only common area electricity, water, and landscaping. Recent capital expenditures have enhanced the asset's curb appeal and reduced deferred maintenance, including a newly painted exterior, a recently resurfaced parking lot, and updated stairwell lighting. Secured within a gated perimeter, the building provides a dedicated off-street parking lot for tenants and an on-site laundry room operated by "Wash." Positioned in a prime, highly accessible commuter pocket near USC, Downtown LA, and Koreatown, the location offers quick access to the Expo Metro line and the 10 and 110 freeways. Furthermore, the large lot and favorable LAC2 zoning provide an attractive long-term redevelopment play by utilizing local density incentives, though buyers are advised to verify all potential. Buyer and buyer's agent to conduct their own due diligence, investigations, and inspections regarding all aspects of the property to their full satisfaction.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Appliance Disposal

Laundry Common Area, Laundry Room

Exterior

Parking Features Gated, None

Pool None

Community Features Gated

View Y/N No

View None

Accessibility None

Porch None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Faces West

Story 2

Entry Level Two

Sewer Other

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5053009011

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Financing Cash,Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Annette Story Kallen Capital Lending Inc #02110311
Janine Marie Gregory

Janine Marie Gregory

Agent | License ID: 02254075

+1(626) 423-2408

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2946 S Western AVE