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$ 1,100,000
Est. payment | /mo
8 Beds
4 Baths
5,700 Sqft Lot
$ 1,100,000
Est. payment | /mo
8 Beds
4 Baths
5,700 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26224943
Bedrooms 8
Lot Size 5,700 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
92279233 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, 92279233 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
Zoning Assessor
Direction Off of S Western Avenue and W 92nd St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6057006014
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
Listed by Brandon Maghen, DRE#02250000 Lyon Stahl Investment Real Estate, Inc.
Co-listed byAaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
Co-listed byAaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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