2815 S Western Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
Analysis of 2815 S Western Avenue, Los Angeles, California 90018 is currently available with a list price of $1,550,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
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The absence of photos for the kitchen, bathrooms, and other interior spaces strongly suggests these areas are severely outdated and would require substantial repairs and rehabilitation to meet current standards.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.
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).
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,392 | 5,195 | 33% |
| Lot Size | 6,311 | 6,724 | 33% |
| Price | $1.55M | $1.55M | 50% |
| Price per sq ft | $457 | $390 | 67% |
| Built year | 1931 | 1944 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 355 | 173 | 0% |
Nov 15, 2025
$1,550,000
Initial Listing
Jun 16, 2025
$2,499,000
Initial Listing
May 29, 2009
$265,000
Public Record