Investment Overview

Marcus & Millichap is pleased to present 4719 S. Western Avenue, an approximate 7,408 SF mixed-use building sitting on a 7,343 SF Lot located in the city of Los Angeles. The property provides a great opportunity for an investor to acquire a property with future rental upside. The property is also positioned for an owner/user looking to take advantage of attractive SBA interest rates. The subject property consists of two retail stores on the ground floor and four apartments on the second floor. Two of the apartments are 1 bedroom + 1 bath units and the other two are large studios. One retail unit is on a month-to-month lease, while the other unit is vacant.

The property is located one parcel off the busy S Western Ave and W 48th St intersection. South Western Ave is a major North-South thoroughfare, that sees roughly 32,000 vehicles per day. Barack Obama Global Preparation Academy is situated directly north of the subject property. The property also sits about 1.6 miles west of the 110 freeway, one miles south-west from the Los Angeles Memorial Coliseum, and just over a mile east from Leimert Park. The neighborhood boasts ideal demographics as there are more than 450,000 people living in a 3-mile radius, with an average household income exceeding $61,000 in a 3-mile radius.