9309 S Western Avenue

About This Property

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.

Unit Mix

• 4 units · 2bd / 1ba

Neighborhood

This property is located in Los Angeles. Want to learn more about the area?

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.

Listing data from CRMLS. Deemed reliable but not guaranteed.