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8118 S Western Ave
Los Angeles, CA 90047
Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Strong In-Place Income
- 17 Gated Parking Spaces
- Value-Add Opportunity
- Prime Location
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $166,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.41% | Lot Size | 0.29 AC |
| Gross Rent Multiplier | 8.75 | Building Size | 11,810 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | C2-1, Los Angeles | ||
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Gross Rent Multiplier | 8.75 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 11,810 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | C2-1, Los Angeles |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $1,622 | 656 |
| 2+1 | 1 | $2,290 | 656 |
| 1+1 | 16 | $1,749 | 656 |
PROPERTY TAXES
| Parcel Number | 6034-009-003 | Improvements Assessment | $612,928 |
| Land Assessment | $1,342,314 | Total Assessment | $1,955,242 |
PROPERTY TAXES
Parcel Number
6034-009-003
Land Assessment
$1,342,314
Improvements Assessment
$612,928
Total Assessment
$1,955,242
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