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9517 S Western Ave

Los Angeles, CA 90047
  • $897,000
  • STATUS: Pending
  • ON SITE: 44 Days
  • MLS #: 22-144331
Pending
UPDATED: 64 min ago
$897,000
  • 8
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,560
    SQFT
  • $350
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Description

The Western Four is a well-positioned 4-Unit Investment Property comprised of Four (4) detached homes. Each home is a 2 bedroom / 1 bathroom for a total of 2,560 Sq. ft. - situated on a 5,586 Sq. ft R1.5 zoned Lot in the City of Los Angeles. In July 2022 there will be 1 unit vacant bringing the estimated yearly income to an impressive $80,580, GRM of 11, Cap Rate of 6.5% and an estimated ROI of 11% Year One! (See OM for details). There are approximately six (6) parking spots that are easily accessible off the alley. Tenants enjoy a gated courtyard and outdoor space surrounding each home which is utilized for storage and outdoor living. The Western Four is conveniently located roughly 1 mile from mega-development Sofi Stadium (Rams House), just one block to Jesse Owens Park and Maggie Hathaway Golf Course; and walking distance to several restaurants and shops. This is a well-managed building with several recent upgrades in a high-demand rental area with considerable upside potential - Don't miss this diamond.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T10:42:43.49. 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.
www.markwiseproperties.com/homes/127540705
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9517 S Western Ave Los Angeles, CA 90047

  • Price: $897,000
  • Status: Pending
  • On Site: 44 Days
  • Updated: 64 min ago
  • MLS #: 22-144331
8
Beds
0
Baths
0
½ Baths
0.13
Acres
2,560
SQFT
$350
$/SQFT
1944
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
The Western Four is a well-positioned 4-Unit Investment Property comprised of Four (4) detached homes. Each home is a 2 bedroom / 1 bathroom for a total of 2,560 Sq. ft. - situated on a 5,586 Sq. ft R1.5 zoned Lot in the City of Los Angeles. In July 2022 there will be 1 unit vacant bringing the estimated yearly income to an impressive $80,580, GRM of 11, Cap Rate of 6.5% and an estimated ROI of 11% Year One! (See OM for details). There are approximately six (6) parking spots that are easily accessible off the alley. Tenants enjoy a gated courtyard and outdoor space surrounding each home which is utilized for storage and outdoor living. The Western Four is conveniently located roughly 1 mile from mega-development Sofi Stadium (Rams House), just one block to Jesse Owens Park and Maggie Hathaway Golf Course; and walking distance to several restaurants and shops. This is a well-managed building with several recent upgrades in a high-demand rental area with considerable upside potential - Don't miss this diamond.
Exterior Features

Lot Location Alley Access Lot Size Area 5586 Other Structures None Parking Garage Assigned Paved YN Yes Style California Bungalow Total Parking 6

Interior Features

Baths Total 4.00 Common Walls Detached/No Common Walls Cooling None Equipment Range/Oven Heating Natural Gas Laundry None

Property Features

Alley YN Yes Assessed Total Value 730568 Gross Income 80580 Gross Operating Income 80580 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 58507.00 Number Of Buildings 4 Number Of Units 4 Owner Pays WaterOther Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 22073 Type Of Units Detached Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Paul Fisher DRE#02018310 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T10:42:43.49. 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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Mark Wise | Bennion Deville Homes
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