8430 Wiley Post Ave - Apartments FOR SALE


Los Angeles, CA 90045- Westchester
$1,495,000 USD
310-259-7556
8430 Wiley Post Ave, Los Angeles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/26
null | 5.84% Cap Rate

8430 Wiley Post Ave
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • 4-unit property generating $123,000 in annual income
  • Two units can be delivered vacant at close of escrow
  • Two newly constructed units (2024) with modern finishes
  • Rear units feature vaulted ceilings, in-unit washer/dryer, and private outdoor spaces
  • Front unit includes a large private yard—ideal for owner-occupier
  • Back and middle units currently operating as Airbnb rentals

OVERVIEW

8430 Wiley Post Ave is a well-positioned 4-unit property offering a blend of new construction, mid-term rental income, and strong appeal for both investors and owner-users. The property generates $123,000 in current annual income, with one-bedroom units achieving approximately $3,500/month on mid-term rentals. Offered at $1,495,000, the asset provides a current cap rate of 5.84% with upside to 7.24%. The property features a great unit mix of four 1-bedroom/1-bath units, including two newly constructed units completed in 2023. These rear units offer vaulted ceilings, in-unit washer and dryer, all new appliances, and private outdoor spaces, making them highly attractive to both tenants and short- or mid-term rental users. The property features a large front yard, a rare amenity that enhances the overall livability and appeal of the property. Currently, the back and middle units are operated as Airbnb rentals, generating strong income; however, both units can be delivered VACANT at close of escrow, creating an attractive opportunity for an owner-user or investor seeking great returns. A buyer can implement their preferred strategy from day one whether maximizing returns through mid-term rentals or occupying a unit while offsetting expenses with rental income. Located north of Manchester, the property sits in a quiet residential neighborhood in Westchester, further enhancing its appeal to both tenants and owner-occupants.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$633 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

5.84%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8430 Wiley Post Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,005 SF

ZONING

LAR2

APN/PARCEL ID

4107-019-004

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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