9321 S Western AVE, Los Angeles, CA 90047
9321 S Western AVE, Los Angeles, CA 90047
9321 S Western AVE, Los Angeles, CA 90047
9321 S Western AVE, Los Angeles, CA 90047
9321 S Western AVE, Los Angeles, CA 90047
9321 S Western AVE, Los Angeles, CA 90047
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Nick Resendez

Nick Resendez

+1(714) 271-2565
$ 1,000,000
Est. payment | /mo

6 Beds

5 Baths

4,076 SqFt

Save
$ 1,000,000
Est. payment | /mo
Save

6 Beds

5 Baths

4,076 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,076 sqft

Price per Sqft $245

MLS Listing ID 26106388

Bedrooms 6

HOA Y/N No

Year Built 1946

Lot Size 5,702 Sqft

Property Description

We are pleased to present 9321 S Western Avenue, a mixed use investment opportunity with 3 apartment units and 2 retail spaces in Gramercy Park, Los Angeles. The property is comprised of two detached structures totaling 4,076 SF with a unit mix of all (1) 1 Bed / 1 Bath, (1) 2 Bed / 1 Bath units, (1) 3 Bed / 1 Bath units, and (2) Retail Spaces. The 3 Bedroom unit will be delivered vacant. The property will be delivered with a projected gross monthly income of $9,343 (upon lease up of vacant 3 bedroom unit), or $112,119 annually. The opportunity yields a 7.3% Cap Rate on current income (8.92 GRM). 9321 S Western Ave is centrally in the heart of Gramercy Park, just 2 miles east of SoFi Stadium / Hollywood Park with convenient access to LAX, South Bay, Inglewood, and Culver City. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Driveway, Gated, One Space

Total Parking Spaces 5

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6057006017

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Brandon Evans Lyon Stahl Investment Real Estate, Inc. #02058494

Nearby Locations

Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 271-2565

nick.resendez@gmail.com

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9321 S Western AVE