4614 S Western Avenue, Los Angeles, CA 90062 - Berkshire Hathaway HomeServices California Properties
4614 S Western Avenue Los Angeles, CA 90062
$1,190,000 4 beds, 8 baths
7, 824 sqft

Agent Remarks

***Motivated Seller - All Reasonable Offers Considered*** Value Added Opportunity for a fully vacant Residential/Commercial property consisting of 7,824 SF of building and 5,663.SF of land. South LA Property has a ton of upside and Live/Work potential. Great opportunity to bring four residential units on the market to provide much needed housing to the Los Angeles community. A possible conversion of commercial units to residential units would provide even more help to the existing housing crisis. Alternatively, keep the existing layout and provide a live/work or residential care facility for transitional housing. Mixed use property works for a variety of buyers including transitional and bridge housing providers, owner/user for SBA financing, non-profit companies providing services for the unhoused and at risk, job training programs, homeless shelters, and more.Features:Mid Century Modern Mixed-Use 2 Story Building, Central hallways with front and rear interior staircases. 1st Floor has 7 commercial units (retail and office)2nd Floor has 4 one-bedroom and one-bathroom residential apartment units. Some second floor units have partial views.Gated parking lot in rear with alley access. Property also features an atrium, front and rear staircases, and a storage room.Location:On Western Avenue Between 46th and 47th Street , South of Vernon Ave and North of Slauson Ave. in South Los Angeles. Located in an Opportunity Zone, Los Angeles State Enterprise Zone , Redevelopment Project Area - Western/Slauson, and Urban Agriculture Incentive Zone. Various incentives and highly desirable loan programs for owner-users are available. Property neighbors several large new developments. Neighborhood has lots of upside and growth potential. Across the Street from Barack Obama Global Preparation Academy & Westbrook Middle School. Located in Transit Oriented Community Tier 3 (TOC 3) with bus stops located at Western/Vernon and Western/48th Ave. The centrally located property is eligible for Reduced Parking Requirements, AB 2334 Density Bonus, and probably AB 2011 Streamlined Approval. Showing by appointment. Call Jon Varsano or Jerry Wiener.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24460385
List price is $1,190,000 Reduced by $209,000 on 3/26/2025
Beds: 4
Baths: 8
Built in 1962
7,824 sqft
2 stories
0.13 acres
Lot size: 0.1314
County: Los Angeles
Property style: Mid-Century Modern
Zoning: LAC2
Parking description: Gated,Uncovered
Heating/cooling: None
Heating description: Natural Gas
MLS area: C34 - Los Angeles Southwest

Last Updated: 4/3/2025

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This listing belongs to the C34 - Los Angeles Southwest MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.001392, -118.308571.
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Listing Agent: Jonathan Varsano
Lic#: 01234982
Office Name: Mission Viejo

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