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Listed by Brandon Maghen • Lyon Stahl Investment Real Estate, Inc.
$1,050,000
Est. payment /mo
2,560 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $410
MLS Listing ID SB-26171343
Year Built 1943
Lot Size 5,704 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
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
Laundry None
Exterior
Pool None
Community Features Biking, Curbs, Park
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900