REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,700,000
Est. payment | /mo
12,137 SqFt
$ 3,700,000
Est. payment | /mo
12,137 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,137 sqft
Price per Sqft $304
MLS Listing ID CL26653115
HOA Y/N No
Year Built 1960
Lot Size 0.304 Acres
Acres 0.3
Property Sub-Type Other
Property Description
We are pleased to announce the opportunity to purchase 19 multifamily units at 8419 and 8425 S. Western Avenue located in the Manchester Square neighborhood of South Los Angeles. With 15 out of 17 original units renovated and two new ADUs, this opportunity will not require any heavy lifting and as most of the work has already been completed. With the overwhelming need for affordable housing in the area, investors can realize an additional 25% upside as units turn over and can maximize on the increasing payments standards from HACLA and Section 8. This opportunity also offers an assumable loan of $2,422,000 with extremely attractive terms that will allow an investor to yield over an 8% cash-on-cash return. Built in 1959 and 1960, the two adjacent properties are comprised of two-story structures that include a unit mix of sixteen 1bed/1bath units and three 2bed/1bath units. Of these units, two of the 1bed/1bath are newer ADUs with split system HVAC. The properties provide tenants with twelve parking spaces that include a combination of tuck-under and open spaces at the rear and 84th Place side of the property. There is no landscaping, and all units are individually metered for gas and electricity. Seismic retrofitting has already been completed and 8425 S. Western has received elec
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 6035024029
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sevak Keshishian • Marcus & Millichap
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION