9228 South Western Avenue

Los Angeles, CA 90047

$700,000
Price
3
Beds
2
Baths
2,993 Sq. Ft.
$234 / Sq. Ft.
2,993
Sq. Ft.
$234
per Sq. Ft.

Description

Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 9228 S. Western Ave is a 4 unit opportunity in South LA. The subject property offers an investor a great unit mix consisting of (3) 2 Bed / 1 Bath and (1) 1 Bed / 1 Bath units spread out over 2,993 square feet of gross leasable area and was built in 1948. The building sits on a 6,001 square foot lot that is zoned LAC2 . Buyer to verify the feasibility of adding an ADU to the property for additional value add potential.Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 9228 S. Western Ave is a 4 unit opportunity in South LA. The subject property offers an investor a great unit mix consisting of (3) 2 Bed / 1 Bath and (1) 1 Bed / 1 Bath units spread out over 2,993 square feet of gross leasable area and was built in 1948. The building sits on a 6,001 square foot lot that is zoned LAC2 . Buyer to verify the feasibility of adding an ADU to the property for additional value add potential.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 9228 South Western Avenue

Zoning
LAC2
Parcel Number
6055026034
Total Units
4.0
Living Area
2993
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
Lot Size Area
6001
LISTING UPDATED: 10/26/2024 12:01 AM

Property Details for 9228 South Western Avenue

StatusActive
MLS #24-454525
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.14 AC / 6,001 SF
CountyLos Angeles County

Building Information for 9228 South Western Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.14 AC / 6,001 SF

Property Information for 9228 South Western Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: APTS
  • Security Features: Gated
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $68,856
  • Net Operating Income: $45,490.00
  • Gross Income: $72,480
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $9.66
  • Vacancy Allow Dollar: $3,624.00
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Water
  • Total Annual Expense: 23366
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1378
  • Lot Size Square Feet: 6001
  • Lot Features: Rectangular Lot
  • Lot Description: Lot Shape-Rectangular, Alley Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Gated, Garage Is Attached, Side By Side, Uncovered, Parking Space
  • Total Parking: 5
  • Garage Spaces Total: 1
  • Parking Features: Gated, Side by Side, Uncovered, Parking Space
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Cooking Appliances: Oven-Gas, Oven, Gas/Electric Range
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-18-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,729.00
  • Unit Actual Rent: $5,186.00
  • Unit Projected Rent: $9,156.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $854.00
  • Unit Actual Rent: $854.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $158,905.00
  • Assessed Improvement Percent: 27.66
  • Assessed Land Value: $415,583.00
  • Assessed Land Percent: 72.34
  • Assessed Total Value: $574,488.00

Property History for 9228 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 9228 South Western Avenue

Taxable ValueLand$423,894Additions$162,083Total$585,977
Tax Record2024$7,596 ($633 / month)
Home Facts
Total Finished SqFt2,993 SqFtAbove Grade Finished SqFt2,993 SqFtLot Size6,001 SqFtStyleQuadraplexYear Built1948ZoningLAC2CountyLOS ANGELESAPN6055-026-034

Schools near 9228 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 - 5 to 8
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

Teach Academy Of Technologies
Charter5 to 8

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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9228 South Western Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on October 18, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $700,000. It has been on the market for a total of 35 days and was last sold on November 9, 2017. 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. 9228 South Western Avenue is a 3-bed, 2-bath, 2,993 sqft multi-family home built in 1948.

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 Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

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.