3711 S Western Avenue, Los Angeles, CA 90018
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
3711 S Western Avenue,Los Angeles, CA 90018
$1,450,000
- 10 Beds
- 9 Baths
- 2,406 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26850191
Source:CRMLS
Price summary
- Price:$1,450,000
- Price per sq. ft.:$602.66
About this home
We are proud to present 3711 S. Western Avenue, a rare opportunity to acquire a fully vacant nine-unit multifamily investment property, formerly operated as a motel. Ideally positioned in the vibrant Exposition Park submarket, the property sits just blocks from the University of Southern California and only steps from the Expo/Western Metro Station, making it a prime location for students, commuters, and young professionals alike. Originally built in 1965, this wood-frame and stucco property rests on a raised foundation and offers approximately 2,406 square feet of rentable space on a 4,320 square foot LAC2-zoned lot with hotel/motel use. The asset has been thoughtfully improved over the years for long-term durability and efficiency. A comprehensive 2004 renovation delivered upgraded electrical systems and new copper plumbing throughout, both vertical and horizontal, while a 200-amp solar panel system installed in 2018 enhances energy efficiency and reduces utility costs. The building has also been structurally reinforced and upgraded to meet current city codes and regulations. The property features an attractive unit mix of eight studio units with kitchenettes and one spacious 2-bedroom + 1-bathroom unit. Market rents are approximately $1,595 per month for the studios and $2,375 per month for the two-bedroom, representing a potential gross income of $15,135 per month once fully leased. Delivered 100% vacant, the asset offers a new owner a rare blank slate to establish market rents from day one with no existing tenancies to navigate. Priced at a current 10% cap rate and a 7.9x gross rent multiplier, 3711 S. Western Avenue presents an exceptional, high-yield cash-flow opportunity in one of Los Angeles' most dynamic and transit-connected submarkets, just minutes from USC, Exposition Park, and Downtown LA....
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Home facts
- Year built:1965
- Listing ID #:26850191
- Added:100 day(s) ago
- Updated:September 28, 2026 at 12:21 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:9
- Flooring:Tile
- Kitchen Description:Refrigerator
- Living area:2,406 sq. ft.
Structure and exterior
- Year built:1965
- Building area:2,406 sq. ft.
- Lot area:0.1 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$602.66
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:6
- Parking description:Gated, Private
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