Address
7411 S Western Avenue Los Angeles, CA
Price
$ 1,600,000
Property Attributes
  • MLS#21730584
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan Southwest
  • Zip90047
  • Style
  • Price$ 1,600,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage6000
  • Lot Size6,555 SqFt
Listing Provided Courtesy Of:
John Katnik with James Capital Advisors, Inc. - 310-956-2291
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
5/12/2021 Listed $1,600,000

General Features

Cooling None
Heating None
Listing Agent John Katnik - BRE#02002695
Listing Agent State License 02002695
MLS Area C36 - Metropolitan Southwest
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 2
Zoning LAC2

Interior Features

Laundry Features None

Exterior Features

Lot Size Acres 0.15
Lot Size Area 6555
Lot Size Source Assessor
Lot Size Square Feet 6555
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Garage, Garage Door Opener

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90047

Price
AVG $900K
$1.6M
Visits
AVG 40
51
Year Built
AVG 1942
1951
Walkscore
AVG 70
73
Data Provided by Walkscore ® not using MLS data

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