9309 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA | 
$995,000 USD
310-729-1559
9309 S Western Ave, Los Angeles, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/26
null | 8% Cap Rate

9309 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • 4-unit multifamily asset in Los Angeles, built in 1943
  • Strong going in income | 9.33 GRM | 8.00% current cap rate
  • 26.02% rental upside to pro forma rents
  • Excellent Unit mix of (4) 2-Bed/1-Bath Bungalow style Units
  • 4 on-site parking spaces

OVERVIEW

9309 S. Western Ave presents an exceptional opportunity to acquire a well-performing 4-unit bungalow-style multifamily property in Los Angeles, offered at $995,000. The property is currently generating a strong 8.00% cap rate and 9.33 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 $388 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,702 SF

ZONING

LARD1.5

APN/PARCEL ID

6057-006-016

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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