9228 S Western Ave, Los Angeles, CA 90047

Overview

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Property Type: Quadruplex
Year Built: 1948
Total Units: 4

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The property at 9228 S Western Ave is a multifamily quadruplex that offers a solid investment opportunity in the Los Angeles real estate market. Constructed in 1948, this building spans 2,993 square feet on a lot size of 6,001 square feet, providing ample space for tenants and allowing for property management efficiencies. With its wood frame construction, the building is durable and well-suited for long-term ownership. The four-unit layout makes it an appealing choice for investors seeking a steady rental income. Additionally, the property is zoned LAC2, allowing for flexibility in future use and potential for development or modifications, catering to a wide array of investor needs.

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Neighborhood Overview

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Location: South Los Angeles
Proximity: Close to key transit routes, with convenient access to downtown LA and surrounding areas

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Situated in South Los Angeles, this property is part of a vibrant and diverse community. The neighborhood is undergoing a revitalization, attracting new businesses, developments, and residents who value urban accessibility along with local amenities. Residents of 9228 S Western Ave benefit from convenient access to public transportation, with major bus lines and nearby freeways providing easy commutes to downtown LA and other parts of the city. The property’s location appeals to a broad tenant base, from young professionals working in the city center to families who appreciate the community-oriented aspects of South LA.

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South Los Angeles also offers an array of shopping centers, restaurants, parks, and essential services, all within a short distance of the property. These amenities make the area highly attractive to tenants, as they provide opportunities for both relaxation and convenience. Tenants can enjoy the neighborhood’s unique blend of cultural offerings, including nearby museums, dining, and entertainment venues.

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Investment Highlights

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• Income Potential: With four units, this quadruplex offers a reliable income stream for investors. As rental rates in South Los Angeles continue to trend upwards, there is also potential for future rent increases. Updating and modernizing units can further enhance the property’s rental appeal, leading to increased tenant retention and potentially higher rental income.
• Zoning Flexibility: The property’s LAC2 zoning designation allows for versatile use, whether for residential or potential mixed-use development. This flexibility is attractive to investors looking for properties that offer growth opportunities or could be adapted to meet changing market demands.
• Operational Efficiency: This property is likely metered separately for utilities, which can help minimize costs and simplify management. The separate metering setup is beneficial for both tenants and owners, as it allows tenants to manage their utility usage and reduces overhead expenses for the property owner.

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Property Features

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Built in 1948, 9228 S Western Ave embodies a traditional architectural style that offers functional space for tenants while providing a solid foundation for improvements. The property’s wood frame construction ensures stability, while its classic design elements lend a timeless quality. While the property has been well-maintained, there may be opportunities for selective updates, which could enhance the building’s appeal to prospective tenants. Potential renovations, such as modernizing kitchens and bathrooms or updating common areas, could result in increased rental rates, making the property an even more valuable investment.

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With its ideal location, robust income potential, and opportunities for growth, 9228 S Western Ave is a compelling addition to any real estate portfolio. For investors seeking long-term stability and rental income, this property offers a balance of present value and future potential within one of Los Angeles’ growing neighborhoods.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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