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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Maghen 310-409-3908
Listing Snapshot
Days Online
97
Last Updated
Property Type
Quadruplex
Square Ft.
2,560
Lot Size
0.13 Acres
Year Built
1943
MLS Number
SB26171343
Additional Details
Building
Built in 1943, 1 building, 1 storey, Entry level: 1, Entry location: Front
Community
Biking, Curbs, Park
Expenses
Operating: $23,843
Income
Gross Income: $106,652, Gross ScheduledIncome: $106,652, Net Operating Income: $79,609
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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