9321 S Western Avenue

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1946
Living area: 4,076 sq ft
Lot size: 5,702 sq ft
Parking: 5 spaces
Stories: 2
Days on market: 0
MLS status: Active
Zoning: LARD1.5

Features & Amenities

Appliances

Refrigerator

Parking

Driveway
Gated
One Space

Community, Schools & Utilities

Utilities

Heating: WallFurnace
Cooling: WallWindowUnits

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Location & Neighborhood

Los Angeles, CA 90047

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Frequently Asked Questions About 9321 S Western Avenue

Property type: Residential Income

The current asking price is $1,000,000. 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 9321 S Western Avenue. Our team will confirm availability and timing.

This 6 bedrooms and 5 bathrooms property offers approximately 4,076 square feet of living space. It was built in 1946. 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 0 days. Status can change, so verify availability before relying on it.