9309 S Western Avenue,Los Angeles, CA 90047
Los Angeles, CA 90047
Description
9309 S. Western Ave presents an exceptional opportunity to acquire a well-performing 4-unit bungalow-style multifamily property in Los Angeles, offered at $1,050,000 ($262,500 per unit). The property is currently generating a strong 7.50% cap rate and 9.85 GRM, with pro forma rents reflecting approximately 26.02% upside in scheduled rental income. Three of the four units are occupied by Section 8 tenants, providing stable, reliable rental income backed by the housing assistance program. Built in 1943, the property consists of approximately 2,560 square feet of improvements situated on a 5,704 square foot lot, equating to just $410 per square foot. The property features four bungalow- style two-bedroom, one-bathroom units, offering residents added privacy and a highly desirable living arrangement, along with four on-site parking spaces. Ideally located in Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, government-backed rental income, significant rental upside, and an attractive bungalow-style layout, 9309 S. Western Ave offers investors a compelling opportunity in a consistently strong rental market.
Details
| MLS # | SB26171343 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1943 |
| Days On Site | 21 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Brandon Maghen |
Features
| SQ Feet | 2,560 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.13 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90047) | |
Price: $1,050,000 low | high Med: $895,000 sqft: 2,560 low | high Med: 1,770 $ / sqft: $410 low | high Med: $506 On site: 21 low | high Med: 135 | |
Market Activity 90047
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90047) | |
Price: $1,050,000 low | high Med: $895,000 sqft: 2,560 low | high Med: 1,770 $ / sqft: $410 low | high Med: $506 On site: 21 low | high Med: 135 | |
