2815 S Western AvenueLos Angeles, CA 90018

Multi-Family · 3,392 Sq. ft. | 0.14 Acres
$1,550,000 Active

2815 S Western Avenue Overview

Time on Site:
378 days
Visits:
0

HUGE PRICE REDUCTION, MOTIVATED SELLER, SEND US YOUR OFFER DON’T BE SHY, ALL OFFERS WILL BE REVIEWED!! Located in the heart of Los Angeles’ historic Jefferson Park neighborhood, 2815 S Western Ave offers a rare and valuable mixed-use investment opportunity in one of the city’s most rapidly developing corridors. This well-maintained property spans approximately 3,392 square feet and sits on a generous 6,309-square-foot corner lot, providing excellent street visibility and consistent foot traffic. The building features three retail units offering spacious layouts ideal for long-term tenants or short- term rental strategies. It also offers a back house, all is tenant occupied. Strategically located near USC, Exposition Park, BMO Stadium, and major public transportation routes, this property benefits from strong tenant demand and ongoing neighborhood revitalization projects. The surrounding area has seen a surge in both residential and commercial development, making it an ideal location for forward-thinking investors. The zoning and layout provide flexibility for future upgrades or repositioning, offering significant value-add potential. Whether you're seeking steady rental income, long-term appreciation, or the opportunity to enhance the asset through modernization, 2815 S Western Ave stands out as a versatile and promising investment in a high-growth area of Los Angeles.

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2815 S Western Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,392
  • Price/Sq.ft. $457
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Income: 7800.0
  • Gross Scheduled Income: 9100.0
  • Insurance Expense: 6500.0
  • Net Operating Income: 64640.0
  • Operating Expense: 13360.0
  • Water Sewer Expense: 360.0

Building Information

  • New Construction: No
  • Year Built: 1931

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C16 - Mid Los Angeles
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Urban

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 5053003033
  • Property Sub Type: Mixed Use
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAC2

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 3392.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: front door
  • Laundry Features: Washer Hookup
  • Stories Total: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.1449
  • Lot Size Area: 6311.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6311.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 4
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

2815 S Western Avenue Neighborhood

Community

90018 (LOS ANGELES) Demographics

34
Median Age
18,110
Population Density (per sq. mile)
28%
College Educated
$49,644
Estimated Median Income
5,106
Estimated Total Home Owners
11,528
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2815 S Western Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2815 S Western Avenue Market Data

Based on the last 30 days in this zip code

$1,122,559
Average List Price
$592
Average Price per Square Foot
14
Properties Sold
82
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

2815 S Western Avenue History

Date Event Value Agent
11/14/2025Source: CRMLS Price Reduction
$1,550,000 -13.9%
11/14/2025Source: CRMLS Price Reduction
$1,550,000 -38.0%
7/21/2025Source: CRMLS Price Reduction
$1,800,000 -28.0%
6/16/2025Source: CRMLS Added to Database
June 16, 2025
6/13/2025Source: CRMLS Added to Database
June 13, 2025
Listing provided courtesy of First Team Real EstateMa De La Luz Zavala- MLS# DW25134671MLS ProviderContact Information: [email protected] - 562-596-9911
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