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2815 S Western Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

2815 S Western Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,550,000
2815 S Western Avenue, Los Angeles, California 90018
0Bed
0Bath
3,392Sqft
6,311Lot
Year Built
1931
Close
-
List price
$1.55M
Original List price
$2.5M
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
DW25134671
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros.

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.

Nearby schools

2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.4mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.9mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
5/10
Virginia Road Elementary School
Public,•K-5•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.4mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.2mi
4/10
Los Angeles Senior High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
11/15/25
Price Change
$1,550,000
06/16/25
Listing
$2,499,000
05/29/09
Sold
$265,000
Condition Rating
Poor
The property was built in 1931, making it nearly a century old. While the description mentions it is 'well-maintained' and 'tenant occupied,' there are no interior images provided, which is a significant red flag for a property of this age. The absence of photos for the kitchen, bathrooms, and other interior spaces strongly suggests these areas are severely outdated and would require substantial repairs and rehabilitation to meet current standards. The listing also highlights 'value-add potential' and 'future upgrades,' further indicating that major components, including potentially electrical, plumbing, and HVAC systems, as well as the kitchen and bathrooms, are likely beyond their expected lifespan and require extensive replacement or modernization. Even if structurally sound, the property's age and implied need for significant interior work place its condition in the 'poor' category.
Pros & Cons

Pros

Mixed-Use & Versatility: Offers a rare mixed-use investment opportunity with three retail units and a back house, providing diverse income streams and flexibility for various investment strategies (long-term tenants, short-term rentals, future repositioning).
Strategic High-Demand Location: Situated in the historic Jefferson Park neighborhood, benefiting from proximity to USC, Exposition Park, BMO Stadium, and major public transportation, ensuring strong tenant demand and consistent foot traffic.
Strong Growth & Value-Add Potential: Located in a rapidly developing corridor with ongoing neighborhood revitalization and a surge in residential/commercial development, offering significant long-term appreciation and value-add opportunities through future upgrades.
Excellent Visibility & Corner Lot: Positioned on a generous 6,309 sq ft corner lot, providing excellent street visibility crucial for retail units and enhancing overall property appeal.
Motivated Seller & Significant Price Adjustment: A substantial price reduction from the original listing indicates a highly motivated seller, presenting a potential opportunity for a favorable acquisition price.

Cons

Significant Price Reduction History: The substantial price drop from the original listing ($2.499M to $1.55M) may suggest initial overpricing, extended market time, or undisclosed property conditions that warranted such a reduction.
Property Age & Potential for Deferred Maintenance: Built in 1931, the property is nearly a century old. While described as 'well-maintained,' older buildings often entail higher ongoing maintenance costs and potential needs for system upgrades (e.g., electrical, plumbing, HVAC) to meet modern standards or tenant expectations.
Existing Tenant Occupancy & Lease Constraints: While providing immediate income, the property being 'all tenant occupied' means a new owner inherits existing leases, which could limit immediate flexibility for repositioning, owner-occupancy, or renegotiating rents to market rates without proper planning.

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