8911 South Western Avenue

Los Angeles, CA 90047

$595,000
Price
1
Beds
1
Bath
2,058 Sq. Ft.
$289 / Sq. Ft.
2,058
Sq. Ft.
$289
per Sq. Ft.

Description

We are pleased to present a 3-unit mixed-use property located on 8911 S Western Ave in Los Angeles. The property consists of two separate structures, with the front building consisting of two commercial storefront units, 726 SF each, with a 1BD+1BA residential bungalow in the rear with alley access, built in 1947 and 1948, respectively. With 2 VACANT units (1 commercial and 1 residential), the property provides a unique opportunity for multiple strategies. Through a value-add strategy, a new owner...We are pleased to present a 3-unit mixed-use property located on 8911 S Western Ave in Los Angeles. The property consists of two separate structures, with the front building consisting of two commercial storefront units, 726 SF each, with a 1BD+1BA residential bungalow in the rear with alley access, built in 1947 and 1948, respectively. With 2 VACANT units (1 commercial and 1 residential), the property provides a unique opportunity for multiple strategies. Through a value-add strategy, a new owner will have the ability to operate at a 6+% CAP rate at an affordable purchase price. Contact the listing agent for additional information.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 8911 South Western Avenue

Zoning
LAC2
Parcel Number
6036017003
Total Units
3.0
Living Area
2058
Source Living Area
Appraiser
Area
Metropolitan Southwest (C36)
Vacancy Rate
3%
Lot Size Area
2813
LISTING UPDATED: 07/19/2024 12:01 AM

Property Details for 8911 South Western Avenue

StatusActive
MLS #24-414225
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.06 AC / 2,813 SF
CountyLos Angeles County

Building Information for 8911 South Western Avenue

Stories-Residences-Year Built1947Building Size-Lot Size0.06 AC / 2,813 SF

Property Information for 8911 South Western Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Commercial
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $54,010
  • Net Operating Income: $35,772.00
  • Gross Income: $55,680
  • Cap Rate: 6.01%
  • Gross Rent Multiplier: $10.69
  • Total Annual Expense: 18238
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0646
  • Lot Size Square Feet: 2813
  • Lot Size Dimensions: 25x112
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 1
  • Open Other Spaces Total: 1
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-11-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,190.00
  • Unit Actual Rent: $1,190.00
  • Unit Projected Rent: $1,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $93,778.00
  • Assessed Improvement Percent: 46.67
  • Assessed Land Value: $107,173.00
  • Assessed Land Percent: 53.33
  • Assessed Total Value: $200,951.00

Property History for 8911 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8911 South Western Avenue

Taxable ValueLand$109,316Additions$95,653Total$204,969
Tax Record2024$2,813 ($234 / month)
Home Facts
Total Finished SqFt2,058 SqFtAbove Grade Finished SqFt2,058 SqFtStories1Lot Size2,813 SqFtStyleOffice BuildingYear Built1947ZoningLAC2CountyLOS ANGELESAPN6036-017-003

Schools near 8911 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Manhattan Place Elementary School
PublicK to 5

Animo Charter Middle No. 3
Charter6 to 8

George Washington Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8911 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on July 11, 2024 by Kidder Mathews of California, Inc., it's currently listed at $595,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Manhattan Place Elementary School, Animo Charter Middle No. 3 and George Washington Preparatory High School. 8911 South Western Avenue is a 1-bed, 1-bath, 2,058 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.