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9517 S Western Avenue

Los Angeles (City), CA 90047
  • $897,000
  • STATUS: Pending
  • ON SITE: 44 Days
  • ID#: 22144331
Pending
UPDATED: 71 min ago
$897,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Listing Agent(s): Paul Fisher of Compass (310-437-7500)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127542491
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9517 S Western Avenue Los Angeles (City), CA 90047

  • Price: $897,000
  • Status: Pending
  • On Site: 44 Days
  • Updated: 71 min ago
  • ID#: 22144331
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1944
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - 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

Number Of Separate Electric Meters 4 Parking Features Assigned Parking Total 6

Interior Features

Cooling None Cooling YN No Heating Natural Gas Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash Gross Income 80580 Land Lease YN No Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 58507 New Construction YN No Number Of Separate Gas Meters 4 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Paul Fisher of Compass (310-437-7500)