8118 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$3,000,000 USD
707-225-2402
8118 S Western Ave, Los Angeles, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/11
null | 7.41% Cap Rate

8118 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Strong In-Place Income
  • Value-Add Opportunity
  • 17 Gated Parking Spaces
  • Prime Location

OVERVIEW

We are pleased to present 8118 S Western Avenue in Los Angeles, CA, an 18-unit apartment building offering strong in-place income and a compelling value-add opportunity. The property features a desirable unit mix of 16 one-bedroom units and two two-bedroom units, providing immediate cash flow with upside through unit upgrades and operational efficiencies. The asset includes 17 gated parking spaces and has benefited from recent capital improvements, including a new roof (2022), soft-story seismic retrofit (2021), new water heaters (2021), and electrical upgrades (2016). Strategically located approximately 6.5 miles from SoFi Stadium, Intuit Dome, and Hollywood Park, and bordering Inglewood zip codes, the property is positioned near major redevelopment corridors, transit, and retail—supporting strong tenant demand and long-term appreciation within the City of Los Angeles. For more information, please reach out.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

18

PRICE/UNIT

$166,667

CAP RATE

7.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,702 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

6034-009-003

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.