16 days on rocket

4614 S Western Ave, Los Angeles, CA, 90062

$1,750,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
8 Baths
7,824 SqFt
$224/SqFt
House

Location

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4614 S Western Ave, Los Angeles$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGated, Uncovered
Year Built1962
HeatingNatural Gas
CoolingNone
MLS #24460385
Lot Size0.13 Acres
StatusActive

About 4614 S Western Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2
  • Living Area: 7,824 SqFt

Listing Office:

  • Office Name: Jonathan Varsano
  • Office Phone: (424) 258-5680
  • Listing Agent: Jonathan Varsano

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Gated, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: On Western Avenue Between 46th and 47th Street, South of Vernon Ave and North of Slauson Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $2,378
  • 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

4614 S Western Ave vs Los Angeles

16 DAYS ON ROCKET

-22 Days

$1,750,000

+$726.5K More

$224/SqFt

-$417 Less

KEY TAKEAWAY

This property is $726.5K more than the Median Sold Price and $417/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: #24460385

Listing Office:

  • Office Name: Jonathan Varsano
  • Office Phone: (424) 258-5680
  • Listing Agent: Jonathan Varsano

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: 11/21/2024, 7:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,378$129,055
2020$2,323$127,732
2019$2,190$125,229
2018$2,159$122,774
2017$2,159$120,367

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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-404046
4
/10

  • Western Avenue Elementary

  • 1724 W 53rd St

  • 0.52 miles

  • Public Magnet Grades KG-5

school-card-donut-404047
5
/10

  • Normandie Avenue Elementary School

  • 4505 S Raymond Ave

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-404048
4
/10

  • King Jr. Elementary School

  • 3989 S Hobart Blvd

  • 0.70 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 $36,023. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4614 S Western Ave

What is the listing price of this property?

The listing price of 4614 S Western Ave property is $1,750,000.

What type of property is this?

The property 4614 S Western Ave is a house located in Los Angeles, California, 90062.

Is this property for sale now?

Active Listing: 4614 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 $2,378 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4614 S Western Ave has 4 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 4614 S Western Ave is 7,824 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4614 S Western Ave is 1962.

Rocket Homes›California›Los Angeles County›Los Angeles›90062›4614 S Western Ave

This home is located at 4614 S Western Ave in Los Angeles, CA and zip code 90062 in the South LA neighborhood. This 7,824 square foot home, which was built in 1962, sits on a 0.13 acre lot. Features: 4 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $1,750,000.

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 number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

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

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