2946 S Western Avenue, Los Angeles, CA 90018

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...