S Western Ave, Los Angeles, Home For Sale

house for sale

Listed: 08/19/24

4284 S Western Ave, Los Angeles, California, 90062

16 Bed:

17 Bath:

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Price

$ 1,2M

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About This House

This ready-to-issue (RTI) project offers an excellent chance to Develop 17 units consisting of 16 Low income 1 bed 1 bath units and one single unit at Market rent, Type VA construction, three story on-grade with a total area of10, 719sqft, no parking, very low cost construction estimated at$2, 000, 000.Proforma monthly rent$29, 690or yearly$ 356, 280which will bring the value of the property around$4, 990, 000withGRM 14providing around$1, 600, 000profit potential on the Development, price per unit of$293, 000resale value. Additional space possible for Leasing/Management office or ADU. Conveniently located close to public transportation, offering easy access to entertainment and events providing recreational opportunities for future residents, start construction immediately, saving time and reducing the hassle of lengthy approval … Full description

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Houses for sale in Los Angeles

Original listing

Vermont Square Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.