8014 S Western Avenue, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$1,250,000
8014 S Western Avenue, Los Angeles, California 90047
0Bed
0Bath
2,460Sqft
6,389Lot
Year Built
1955
Close
-
List price
$1.25M
Original List price
$1.3M
Price/Sqft
$508
HOA
-
Days on market
-
Sold On
-
MLS number
PW25164397
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.25M(79th), sqft - 2460(63th), beds - undefined(50th), baths - undefined(50th).
Currently offered AS-IS The property at 8014-8016 S. Western Ave represents a perfect balance of current income potential and future value-add opportunities. With RTI plans approved for a 20 1B/1B unit multifamily project, investors have the option to modernize and expand in a thriving Los Angeles community. This opportunity offers immediate returns and long-term financial growth. This charming and partially remodeled California Craftsman-style triplex presents an exceptional investment opportunity in a growing Los Angeles neighborhood. With a 6,357 SF lot and 2,460 SF total living space, this property offers unique upside potential for developers and investors alike
Nearby schools
3/10
La Salle Avenue Elementary School
Public,•K-5•0.6mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.6mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
1/10
Horace Mann Junior High School
Public,•6-8•0.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
2/10
George Washington Preparatory High School
Public,•9-12•2.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.5mi
9/10
Middle College High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
11/10/25
Price Change
$1,250,000-3.8%
07/22/25
Listing
$1,300,000
10/11/19
Sold
$600,000
06/11/18
Sold
$398,000
10/28/04
Sold
$375,000
03/28/01
Sold
$210,000
Condition Rating
Poor
Built in 1955 and offered 'AS-IS,' this property shows significant signs of age and deferred maintenance. The sole interior image of the kitchen reveals outdated cabinets, laminate countertops, and older appliances, indicating a need for substantial renovation rather than minor updates. While some exterior elements like the fence and pergola appear newer, the overall condition of the living spaces and the age of major systems (as suggested by the exposed gas meters and 'AS-IS' clause) likely require extensive repairs and rehabilitation to meet modern standards. The property's primary value is noted to be in its development potential, further suggesting the existing structures are not in prime condition.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Approved Development Plans (RTI): Ready-to-Issue (RTI) plans for a 20-unit 1B/1B multifamily project are approved, significantly de-risking and accelerating future development for substantial upside.
High Value-Add & Development Potential: The property offers exceptional 'future value-add opportunities' and 'unique upside potential for developers and investors alike,' bolstered by the approved expansion plans.
Immediate Income Generation: As a California Craftsman-style triplex, the property provides current income potential, offering immediate returns for investors while planning for future development.
Strategic Los Angeles Location: Situated in a 'thriving' and 'growing Los Angeles neighborhood,' the property benefits from strong market demand and appreciation potential inherent to the area.
Substantial Lot Size: A generous 6,357 SF lot provides ample space for the approved 20-unit expansion, which is a critical asset in a dense urban environment like Los Angeles.
Cons
As-Is Sale Condition: The property is offered 'AS-IS,' indicating potential for required repairs, upgrades, or deferred maintenance that the buyer will need to address, adding to initial investment.
Age of Property (1955 Build): Despite being 'partially remodeled,' the 1955 construction year suggests older systems and infrastructure, potentially leading to higher renovation costs or ongoing maintenance needs.
Recent Price Adjustment: A recent price reduction from $1.3M to $1.25M could signal initial overpricing or a slower market response, potentially impacting buyer confidence or perceived value.