REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,100,000
Est. payment /mo
Active
2946 S Western Avenue Los Angeles, CA 90018
11 Beds
3,280 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $335
MLS Listing ID CL26855359
Bedrooms 11
HOA Y/N No
Year Built 1961
Lot Size 5,761 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
2946 Western Ave is a rare opportunity to acquire a sound legacy asset in historic Jefferson Park, one of the most sought-after communities in Southern California to invest in. The four-unit building sits on a 5,761-square-foot lot with 3,280 square feet of total living space. It has a unit mix of three spacious 3-bed/1-bath apartments and one 2-bed/1-bath apartment (at least one 3-bed apartment will be delivered vacant at the close of escrow). Each unit is separately metered for gas, water and electricity keeping the owners operating responsibilities to a minimum (landscaping and common area electricity and water). Tenants are responsible for their own gas, electricity, water, sewer and trash. There is an on-site laundry facility operated by WASH Laundry that provides additional income for the owner. Secured within a gated perimeter, dedicated off-street parking is provided for tenants in a recently resurfaced parking lot to the rear of the property. The well-maintained building has recently been painted, and upgrades have been made to exterior lighting. This property is located in the middle of current and future development and revitalization projects on Western Avenue. Its location in the center of a historic and cultural hub of the city offers current and future tenants a wide array of lifestyle amenities. It's comfortably close to the E-Line offering convenient access to all parts of Los Angeles and is within short walking distance to grocery stores, community markets, vibrant eateries and thriving schools. It is perfectly situated for a future owner to cultivate a strong legacy investment. It is a great opportunity for a 1031 Exchange. Furthermore, the large lot and favorable LAC2 zoning provides an attractive long-term redevelopment opportunity by utilizing local density incentives. Buyer and buyer's agent to conduct their own due diligence, investigations, and inspections regarding all aspects of the property to their full satisfaction.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile, Carpet
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Front Yard
View Y/N false
View None
Total Parking Spaces 6
Building
Lot Description Front Yard
Water Public
New Construction No
Others
Tax ID 5053009011
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Annette Story • Kallen Capital Lending Inc