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, South Los Angeles, CA. The property is comprised of two detached structures totaling 4,076 SF with a unit mix of all (1) 1 Bed… Read More / 1 Bath, (1) 2 Bed / 1 Bath units, (1) 3 Bed / 1 Bath units, and (2) Retail Spaces. There are currently (2) Section 8 tenants in-place: 2 Bed/ 1 Bath unit rented at $2,450 and 3 Bed/1 Bath unit rented at $3,500. The property will be delivered fully occupied with a gross monthly income of $10,497, or $125,973 annually. The opportunity yields a 8.59% Cap Rate on current income (7.94 GRM) with a projected cash-on-cash of 10.7%. 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Evans 310-425-9838
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
4,076
Lot Size
0.13 Acres
Year Built
1946
MLS Number
26650181
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1946, Living area: 4076.0, 2 buildings, 2 stories, Levels: MultiSplit
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $125,973, Net Operating Income: $85,869
Lot
0.1309 acres, Dimensions: 50x114
Parking
5 open parking spaces, 5 total parking spaces, Driveway, Gated, OneSpace
Taxes
Parcel Number: 6057006017, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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