9-Unit Apartment
For Sale
$1,450,000
3711 S Western Ave, Los Angeles, CA 90018
Fully vacant apartment property with a studio-heavy unit mix near USC and the Expo/Western Metro Station.
Lot Size0.10 Acres
Days on Market44
Property Features for 3711 S Western Ave
General Information
Standard status
Active
Net Rentable
2,406 SF
Lot size
0.10 Acres
Property subtype
MULTI_FAMILY
Zoning
LAC2
Financials
Cap Rate
10%
Gross Rent Multiplier
7.9
Units
Unit Mix
8 x studio, 1 x 2BR/1BA
Multifamily Units
9
Additional Details
Public Transit
Yes
Building Details
Building Size
2,406 SF
Year Built
1965
Year Renovated
2004
Buildings
1
Construction
wood-frame and stucco
Listing Agency:
Keller Williams Hollywood Hills
(310) 402-8958
Listed By:
Davis Saadian · License #01921748
Source:
Rochellemaize
Added: Jun 20
Changed: Aug 2
Last Checked: Aug 2 at 6:59AM
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 Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
This 9-unit apartment property includes eight studio units with kitchenettes and one two-bedroom, one-bathroom residence. The approximately 2,406-square-foot building occupies a 4,320-square-foot LAC2-zoned lot with hotel/motel use and was originally built in 1965. The property is wood-frame and stucco construction on a raised foundation, and it is delivered fully vacant.
Capital improvements include a 2004 renovation with upgraded electrical systems and new copper plumbing throughout. A 200-amp solar panel system was installed in 2018, and the building has undergone structural reinforcement and code-related upgrades. The property is located at 3711 S Western Ave in Los Angeles, blocks from the University of Southern California and near the Expo/Western Metro Station, with access to Exposition Park and Downtown LA. Financial metrics provided for the asset include a 10% cap rate and a 7.9x gross rent multiplier.
Capital improvements include a 2004 renovation with upgraded electrical systems and new copper plumbing throughout. A 200-amp solar panel system was installed in 2018, and the building has undergone structural reinforcement and code-related upgrades. The property is located at 3711 S Western Ave in Los Angeles, blocks from the University of Southern California and near the Expo/Western Metro Station, with access to Exposition Park and Downtown LA. Financial metrics provided for the asset include a 10% cap rate and a 7.9x gross rent multiplier.
Key Highlights
- Nine‑unit apartment property delivered 100% vacant
- Unit mix includes eight studios with kitchenettes and one 2‑bedroom + 1‑bathroom unit
- Approximately 2,406 square feet on a 4,320 square foot LAC2‑zoned lot
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully vacant apartment property with a studio-heavy unit mix near USC and the Expo/Western Metro Station.
Where is this apartment building located?
The property is located at 3711 S Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Nine‑unit apartment property delivered 100% vacant; Unit mix includes eight studios with kitchenettes and one 2‑bedroom + 1‑bathroom unit; Approximately 2,406 square feet on a 4,320 square foot LAC2‑zoned lot
