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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,100,000

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 SB26224943

HOA Y/N No

Year Built 1944

Lot Size 5,702 Sqft

Property Sub-Type Quadruplex

Property Description

9227–9233 S. Western Ave presents an exceptional opportunity to acquire a well-performing, fully occupied 4-unit multifamily property in Los Angeles, offered at $1,100,000. The property is currently generating an impressive 9.85% cap rate and 7.88 GRM, with annual scheduled rental income of approximately $139,535. All four units are occupied by Section 8 tenants, providing consistent rental income supported by government housing assistance payments.

Built in 1944, the property consists of approximately 2,560 square feet of improvements situated on a 5,703-square-foot lot, equating to just $430 per square foot and $275,000 per unit. The property features four spacious two-bedroom, one-bathroom units, averaging approximately 640 square feet each. With 100% occupancy and an average monthly rent of approximately $2,907 per unit, the property offers investors immediate cash flow and an attractive income-producing asset.

Ideally located in South Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, Section 8 rental income, full occupancy, and an attractive price per unit, 9227–9233 S. Western Ave offers investors a compelling opportunity to acquire a stabilized multifamily investment in the Los Angeles rental market.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 31-35 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6057006014

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit

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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9227 S Western Avenue Los Angeles, CA 90047