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9309 S Western Ave
Los Angeles, CA 90047
Multifamily Property For Sale
·
4 Units
Investment Highlights
- 4-unit multifamily asset in Los Angeles, built in 1943
- 26.02% rental upside to pro forma rents
- 4 on-site parking spaces
- Strong going in income | 9.85 GRM | 7.50% current cap rate
- Excellent Unit mix of (4) 2-Bed/1-Bath Bungalow style Units
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.50% | Building Size | 2,560 SF |
| Gross Rent Multiplier | 9.85 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1943 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 9.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,560 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | LARD1.5 |
Property Taxes
| Parcel Number | 6057-006-016 | Improvements Assessment | $382,991 |
| Land Assessment | $255,326 | Total Assessment | $638,317 |
Property Taxes
Parcel Number
6057-006-016
Land Assessment
$255,326
Improvements Assessment
$382,991
Total Assessment
$638,317
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