3711 S Western AVE, Los Angeles, CA 90018
3711 S Western AVE, Los Angeles, CA 90018
3711 S Western AVE, Los Angeles, CA 90018
14
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$1,450,000
Est. payment /mo
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10 Beds
9 Baths
2,406 SqFt
Active

3711 S Western AVE Los Angeles, CA 90018

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,406 sqft

Price per Sqft $602

MLS Listing ID 26850191

Bedrooms 10

HOA Y/N No

Year Built 1965

Lot Size 4,321 Sqft

Property Description

We are proud to present 3711 S. Western Avenue, a rare opportunity to acquire a fully vacant nine-unit multifamily investment property, formerly operated as a motel. Ideally positioned in the vibrant Exposition Park submarket, the property sits just blocks from the University of Southern California and only steps from the Expo/Western Metro Station, making it a prime location for students, commuters, and young professionals alike. Originally built in 1965, this wood-frame and stucco property rests on a raised foundation and offers approximately 2,406 square feet of rentable space on a 4,320 square foot LAC2-zoned lot with hotel/motel use. The asset has been thoughtfully improved over the years for long-term durability and efficiency. A comprehensive 2004 renovation delivered upgraded electrical systems and new copper plumbing throughout, both vertical and horizontal, while a 200-amp solar panel system installed in 2018 enhances energy efficiency and reduces utility costs. The building has also been structurally reinforced and upgraded to meet current city codes and regulations. The property features an attractive unit mix of eight studio units with kitchenettes and one spacious 2-bedroom + 1-bathroom unit. Market rents are approximately $1,595 per month for the studios and $2,375 per month for the two-bedroom, representing a potential gross income of $15,135 per month once fully leased. Delivered 100% vacant, the asset offers a new owner a rare blank slate to establish market rents from day one with no existing tenancies to navigate. Priced at a current 10% cap rate and a 7.9x gross rent multiplier, 3711 S. Western Avenue presents an exceptional, high-yield cash-flow opportunity in one of Los Angeles' most dynamic and transit-connected submarkets, just minutes from USC, Exposition Park, and Downtown LA.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Flooring Tile

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5041024027

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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3711 S Western AVE