Skip To Content

    7411 S Western Ave

    Los Angeles, CA 90047
    • $1,600,000
    • STATUS: Active
    • ON SITE: 134 days
    • MLS #: 21-730584
    UPDATED: 44 min ago
    $1,600,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T10:42:39.103. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/117037924
    Print Image

    7411 S Western Ave Los Angeles, CA 90047

    • Price: $1,600,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 21-730584
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,000
    SQFT
    $267
    $/SQFT
    1951
    Built
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.
    Exterior Features

    Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Lot Location Alley Access Lot Size Area 6555 Other Structures None Parking Garage Door Opener Total Parking 0

    Interior Features

    Baths Total 0.00 Common Walls Attached Cooling None Equipment None Heating None Laundry None

    Property Features

    Assessed Total Value 202603 Gross Income 96000 Gross Operating Income 93120 Like Units1 1 Like Units2 1 Net Operating Income 67220.00 Number Of Buildings 1 Number Of Units 2 Rent Control YN No Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 25900 Type Of Units 2 Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T10:42:39.103. 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. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-730584-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-730584-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-730584-2.jpg
    Logo
    The John Jay Group - Bennion Deville Homes
    74996 Highway 111
    Indian Wells CA, 92210