4516 S Western Ave
Los Angeles, CA 90062

Bd   Ba   5,706 Sqft   50 Days
The subject property is a two-story mixed-use residential/storefront retail property located at 4514-4516 South Western Avenue in the up and coming Vermont Square District of the city of Los Angeles. The building was built in 1923 and is composed of two large residential units on the second floor over storefront retail space on the ground floor. The residential units are on the second floor and they are accessed via an interior stairway off of Western Avenue in the front of the building and also via an open stairway at the rear of the building adjacent to the parking area. Both units are 3br/1ba units of approximately 1,005 square feet. The units are separately metered for gas and electric and each unit has its own water heater. The storefront retail space on the ground floor is in shell condition and will need to be improved for a new tenant. The size of this space is approximately 3,608 square feet (net rentable) and the last tenant to occupy the suite was a local church. There are two front doors accessing the suite located in the front of the building on Western Avenue and one back door that accesses the suite from the parking lot. The two separate front doors would make it fairly easy to divide the space into two separate suites if a new owner so desires. The parking lot at the rear of the property is roughly 44’ x 40’ in size and would most likely fit four or five cars.
  • $0 HOA
  • $102/Sqft
  • MLS#PW17004823 provided by Matthew Wenzel of Marcus & Millichap
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 6 months ago

Home Features for 4516 S Western Avenue, Los Angeles

Year Built: 1923
Lot Size Square Feet: 5720
Lot Size Units: Square Feet
Lot Size Dimensions: 44' X 130'
Price Per Square Foot: 102
Tax Lot: 4
Tax Tract Number: 2324
New Taxes Expense: 7200
Parcel Number: 5016007003
Tax Block: 35
Special Listing Conditions: Standard
Standard Status: Closed
Interior
Average 3rd Bedroom Area: 1005
Exterior
Levels: Two
Entry Location: Ground Level, Top Level
Common Walls: 1 Common Wall
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 1
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 5706
Parking Features: Unassigned
Uncovered Spaces: 5
Parking Total: 5
Number Of Units Total: 3
Property Attached Y/N: 1
Amenities / Utilities
Trash Expense: 1200
Water Sewer Expense: 3000
Electric Expense: 900
Community Features: Urban
Pool Features: None
Location
Road Frontage Type: Alley Access
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Compare Similar Homes for 4516 S Western Avenue, Los Angeles

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A 9.45 mi
3857 Filion St
  • $555,000
  • For Sale

    69 days

  • 1 Bd
  • 1 Ba
  • 8,236 Sqft Lot
  • Built 1924
YOU
ARE
HERE
4516 S Western Ave
  • $582,000
  • Sold

    50 days

  • — Bd
  • — Ba
  • 5,706 Sqft
  • $102 /Sqft
  • 5,720 Sqft Lot
  • Built 1923

Property History for 4516 S Western Avenue, Los Angeles

Status
Date
Price
Sold
Feb 28, 2017
$582,000
Pending
Jan 30, 2017
Listed
Jan 9, 2017
$599,000
#PW17004823
Canceled
Jun 8, 2016
#PW16051415
Listed
Jun 8, 2016
$699,000
#PW16124201
Listed
Mar 11, 2016
$899,900
#PW16051415

Real Estate Market Statistics for 4516 S Western Avenue, Los Angeles

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4516 S Western Avenue

No data!
Congress Central
Los Angeles
90062
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$599K

4516 S Western Avenue

$465K

Congress Central

0% y/y

Congress Central

$549K

90062

8% y/y

90062

$974K

Los Angeles

1% y/y

Los Angeles

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4516 S Western Ave is a multi family home located in 90062 in Los Angeles, CA. It was last listed for $582,000, which is 6% above the current market median of $549,000 in 90062 and 40% below the market median of $974,790 in Los Angeles. 4516 S Western Ave is approximately 5,706 Sqft, which is 238% above the median size in Los Angeles of 1,688 square feet and 277% above the median size in 90062 of 1,513 Sqft. This property's price per square foot was $102, which is 71% below the current median in 90062 of $349 and 83% below the Los Angeles median of $606. As of today, , there are 23 properties listed for sale in ZIP code 90062 and 2,062 properties listed for sale in the city of Los Angeles. Of those 2,062 properties, there are 1,464 single family houses and 598 condos.
Built in 1923, this multi family house at 4516 S Western Ave, Los Angeles CA, 90062 is approximately 5,706 square feet and comes with 5 parking spots. It was last listed with a cost per Sqft of $102. 4516 S Western Ave is located in the Congress Central neighborhood in the Los Angeles Unified School District. The closest school is Barack Obama Global Preparation Academy.

4516 S Western Ave, Los Angeles CA, 90062 was on the market for 50 days. The median days on the market for properties in this area is 41 with a median list price of $974,790 and median cost per square foot of $606. Its current status is sold under the MLS #PW17004823.

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