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$1,050,000
Est. payment /mo
5,702 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26171343
HOA Y/N No
Year Built 1943
Lot Size 5,702 Sqft
Property Sub-Type Quadruplex
Property 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.
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Curbs, Park
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6057006016
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae
Special Listing Condition Standard
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Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908, DRE #02250000
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