2946 S Western Avenue, Los Angeles, CA 90018
Local realty services provided by:ERA North Orange County Real Estate
2946 S Western Avenue,Los Angeles, CA 90018
$1,100,000
- 11 Beds
- 4 Baths
- 3,280 sq. ft.
- Multi-family
- Active
Listed by: annette story
Office: kallen capital lending inc213-271-9377
MLS#:26855359
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$335.37
About this home
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....
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Home facts
- Year built:1961
- Listing ID #:26855359
- Added:47 day(s) ago
- Updated:August 20, 2026 at 10:35 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:4
- Flooring:Carpet, Tile
- Kitchen Description:Disposal
- Living area:3,280 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1961
- Building area:3,280 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Front Yard
- Construction Materials:Stucco, Wood Siding
- Levels:2 Story
Utilities
- Water:Public
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$335.37
Features and amenities
- Appliances:Disposal
- Amenities:Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:6
- Parking description:Gated
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