3551 S Western Ave
Los Angeles, CA 90018
Multifamily Property For Sale · 14 Units

Daniel Hirth and Elijah Suval of the Hirth Group have been exclusively selected to market for sale 3551 S Western Avenue - a two-story mixed-use building with retail on the ground floor and apartments on the second floor. The subject property consists of approximately 8,000 SF of building situated on an approximate 12,226 SF lot. The building consists of 3 (three) retail storefronts on the first floor and 14 (fourteen) bachelor apartments on the second floor, with 9 (nine) apartments being unfurnished and 5 (five) being furnished. The current tenants occupying the retail storefronts include: Clemen’s Restaurant, a Church, and a Beauty Salon. The subject property also contains 18 marked parking spaces boasting a 2.25:1 parking ratio. This asset presents a rare opportunity to purchase a significant corner lot with both existing value-added and redevelopment potential, that is also producing a competitive current cash flow yield. Adjacent to USC, the I-10 FWY, and the booming West Adams district, 3551 S Western Avenue is favorably located just South of W Jefferson Blvd and North of Exposition Blvd. This blossoming submarket is increasingly sought after for its proximity to numerous employment and entertainment hubs, meanwhile offering a lower cost per square foot to lease both business and/or residential spaces. Today, renovated residential and commercial spaces cater to the young, artistic, and creative entrepreneurial community that is revitalizing the urban core of Los Angeles.