9309 S Western, Los Angeles, CA 90047

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 $1,050,000 ($262,500 per unit). The property is
currently generating a strong 7.50% cap rate and 9.85 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 $410 per square foot. The ...