9309 S Western Avenue

Property Overview

9309 S. Western Ave presents an exceptional opportunity to acquire a well-performing 4-unit bungalow-style multifamily property in Los Angeles, offered at $995,000. The property is currently generating a strong 8.00% cap rate and 9.33 GRM, with pro forma rents reflecting approximately 26.02% upside in scheduled rental income. Three of the four units are occupied by Section 8 tenants, providing stable, reliable rental income backed by the housing assistance program. Built in 1943, the property consists of approximately 2,560 square feet of improvements situated on a 5,704 square foot lot, equating to just $388 per square foot. The property features four bungalow- style two-bedroom, one-bathroom units, offering residents added privacy and a highly desirable living arrangement, along with four on-site parking spaces. Ideally located in Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, government-backed rental income, significant rental upside, and an attractive bungalow-style layout, 9309 S. Western Ave offers investors a compelling opportunity in a consistently strong rental market.

Home Details

Property type: Residential Income - Quadruplex
Year built: 1943
Lot size: 5,704 sq ft
Parking: 4 spaces
Stories: 1
Days on market: 26
MLS status: Active

Features & Amenities

Pool

None

Lot

Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Los Angeles, CA 90047

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Frequently Asked Questions About 9309 S Western Avenue

Property type: Residential Income

The current asking price is $995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 9309 S Western Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1943. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 26 days. Status can change, so verify availability before relying on it.