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$ 2,750,000
Est. payment | /mo
11,810 SqFt
$ 2,750,000
Est. payment | /mo
11,810 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,810 sqft
Price per Sqft $232
MLS Listing ID CL26633905
HOA Y/N No
Year Built 1960
Lot Size 0.292 Acres
Acres 0.29
Property Sub-Type Other
Property Description
We are pleased to present 8118 S Western Avenue in Los Angeles, CA, an 18-unit apartment building offering strong in-place income and a compelling value-add opportunity. The property features a desirable unit mix of 16 one-bedroom units and 2 two-bedroom units, providing immediate cash flow with upside through unit upgrades and operational efficiencies. The asset includes 17 gated parking spaces and has benefited from recent capital improvements, including a new roof (2022), soft-story seismic retrofit (2021), new water heaters (2021), and electrical upgrades (2016). Strategically located approximately 6.5 miles from SoFi Stadium, Intuit Dome, and Hollywood Park, and borderingInglewood zip codes, the property is positioned near major redevelopment corridors, transit, and retail supporting strong tenant demand and long-term appreciation within the City of Los Angeles. For more information, please reach out.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6034009003
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Listed by Jonathan Weir • Marcus & Millichap
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