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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$995,000

Est. payment - /mo

5,702 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26171343

HOA Y/N No

Year Built 1943

Lot Size 5,702 Sqft

Property Sub-Type Quadruplex

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 $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.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking, Curbs, Park

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6057006016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Private Financing Available, Submit, VA Loan, VA No Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, Private Financing Available, Submit, VA Loan, VA No Loan

Special Listing Condition Standard

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Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908, DRE #02250000

NEARBY SCHOOL & BUSINESS

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9309 S Western AVE Los Angeles, CA 90047