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Four-Unit Apartment Building
For Sale
$1,100,000

2946 S Western Ave, Los Angeles, CA 90018

Two-story income property with varied unit layouts, gated parking, separate utility meters, and an on-site laundry room.

Property Size3,280 SF
Days on Market66

Property Features for 2946 S Western Ave

General Information

Standard status Active
Size 3,280 SF
Property subtype MULTI_FAMILY

Building Details

Building Size 3,280 SF
Year Built 1961
Listing Agency: Kallen Capital Lending Inc
Listed By: Annette Story · License #02110311
Source: Rochellemaize
Added: Jul 1 Changed: Sep 1 Last Checked: Sep 4 at 11:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kallen Capital Lending Inc

Investment Insights

Based on property information with market context.

This two-story multifamily property contains four units totaling approximately 3,280 square feet. The configuration includes three 3-bedroom, 1-bathroom residences and one 2-bedroom, 1-bathroom residence. One 3-bedroom unit is expected to be vacant at closing, while the other residences are occupied. Interiors are described as clean, original, and operational. The 1961 building sits on a 5,761-square-foot lot with LAC2 zoning.

Property improvements include a painted exterior, resurfaced parking lot, and upgraded stairwell lighting. A gated perimeter encloses dedicated off-street tenant parking, and an on-site laundry room is operated by Wash. Four separate water meters support tenant payment of gas, electricity, water, sewer, trash, and laundry usage; owner responsibilities include common-area electricity, water, and landscaping.

The property is located near USC, Downtown LA, Koreatown, the Expo Metro line, and the 10 and 110 freeways. Its address is 2946 S Western Ave, Los Angeles, CA 90018.

Key Highlights

  • Four units totaling approximately 3,280 square feet
  • Unit mix includes three 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
  • One 3‑bedroom unit will be delivered vacant at closing

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Accounting Firm Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby

Demographics for 90018, CA

50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Two-story income property with varied unit layouts, gated parking, separate utility meters, and an on-site laundry room.
Where is this quadplex located?
The property is located at 2946 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four units totaling approximately 3,280 square feet; Unit mix includes three 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit; One 3‑bedroom unit will be delivered vacant at closing
More about this property
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