3711 S Western AVE, Los Angeles, CA 90018
3711 S Western AVE, Los Angeles, CA 90018
3711 S Western AVE, Los Angeles, CA 90018
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,299,000
Est. payment /mo
10 Beds
11 Baths
2,406 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,406 sqft

Price per Sqft $539

MLS Listing ID 26107069

Bedrooms 10

HOA Y/N No

Year Built 1965

Lot Size 4,321 Sqft

Property Description

We are pleased to present 3711 S. Western Avenue, a rare opportunity to acquire a nine (9) unit multifamily investment near USC and Exposition Park. Offered at a 10% cap rate and a 7.4x gross rent multiplier, this investment combines attractive reported cash flow with a location connected to some of Los Angeles' most recognized destinations. Located just blocks from the University of Southern California and steps from the Expo/Western Metro Station, the property offers convenient access to campus, Exposition Park, Downtown Los Angeles, and the broader Metro network. As Los Angeles prepares to welcome the world for the 2028 Olympic Games, the property is positioned near USC and Exposition Park, two areas central to the city's Olympic story. Originally built in 1965 and formerly operated as a motel, the property offers approximately 2,406 rentable square feet on a 4,320-square-foot LAC2-zoned lot with hotel/motel use. The unit mix consists of eight (8) singles with kitchenettes and one (1) spacious 2-bedroom + 1-bathroom unit. The property has benefited from significant improvements, including upgraded electrical systems and new vertical and horizontal copper plumbing completed in 2015, a solar panel system installed in 2018, and structural reinforcement and code upgrades. With its 9-unit configuration, compelling reported returns, proximity to USC, and access to public transportation, 3711 S. Western Avenue presents an opportunity to acquire a cash-flowing asset in a prominent Los Angeles location.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Gated, Private

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5041024027

Special Listing Condition Standard

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Listed by Davis Saadian EstateX inc. #01921748

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

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3711 S Western AVE

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