9 months on rocket

4351 S Western Ave, Los Angeles, CA, 90062

$1,495,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
8 Baths
7,615 SqFt
$196/SqFt
House

Location

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4351 S Western Ave, Los Angeles$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGated
Year Built1922
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #24353081
Lot Size0.17 Acres
StatusActive

About 4351 S Western Ave

4351 S Western Ave, a prime investment opportunity in the vibrant community of South Los Angeles. This mixed-use property offers a dynamic combination of 6 residential units on the second floor and 2 commercial storefront spaces on the first floor. Currently, three of the residential units are vacant, renovated, and ready for immediate occupancy, presenting an excellent opportunity for prospective tenants.Boasting a total building size of 7,615 square feet and a spacious lot measuring 7,284 square feet, this property is a cash cow for savvy investors, operating at an attractive 6.31% cap rate. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal.The strategic location of 4351 S Western Ave ensures a steady flow of potential tenants and customers, making it an ideal investment in the bustling heart of South Los Angeles. In addition to its financial allure, the property features ample parking space in the rear, accommodating up to 8 cars, enhancing convenience for both residents and commercial tenants.Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Seize the opportunity to own and operate this gem in South Los Angeles, where modernity meets investment excellence. Please do not disturb the tenants. One of the listing agents is related to the Seller. All showings will be subject to an accepted offer.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 2
  • Living Area: 7,615 SqFt

Listing Office:

  • Office Name: RE/MAX One
  • Office Phone: (818) 366-3300
  • Listing Agent: Chase Simonton

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Gated

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Western Ave & Vernon Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $196/SqFt

Tax Information:

  • Annual Amount: $10,320
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

4351 S Western Ave vs Los Angeles

293 DAYS ON ROCKET

+255 Days

$1,495,000

+$471.5K More

$196/SqFt

-$445 Less

KEY TAKEAWAY

This property is $471.5K more than the Median Sold Price and $445/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24353081

Listing Office:

  • Office Name: RE/MAX One
  • Office Phone: (818) 366-3300
  • Listing Agent: Chase Simonton

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 18, 2015Home Sold
$690,000
Mar 07, 2003Home Sold
$425,000
Feb 09, 2001Home Sold
$312,147

Tax History

YEARPROP. TAXASSESSMENT
2021$10,320$766,117
2020$10,037$758,263
2019$9,852$743,396
2018$9,614$728,821
2017$9,614$714,531

History based on county public records data.

Payment Calculator

$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-489460
4
/10

  • King Jr. Elementary School

  • 3989 S Hobart Blvd

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-489461
5
/10

  • Normandie Avenue Elementary School

  • 4505 S Raymond Ave

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-489462
2
/10

  • 42nd Street Elementary School

  • 4231 4th Ave

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,425. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4351 S Western Ave

What is the listing price of this property?

The listing price of 4351 S Western Ave property is $1,495,000.

What type of property is this?

The property 4351 S Western Ave is a house located in Los Angeles, California, 90062.

Is this property for sale now?

Active Listing: 4351 S Western Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,320 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 18, 2015 for $690,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4351 S Western Ave has 7 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 4351 S Western Ave is 7,615 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4351 S Western Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90062›4351 S Western Ave

This home is located at 4351 S Western Ave in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This 7,615 square foot home, which was built in 1922, sits on a 0.17 acre lot. Features: 7 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $1,495,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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