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Multifamily

8118 S Western Ave

8118 S Western Ave, Los Angeles, CA 90047

Listing Price: $3,750,000

Cap Rate
4.71%
Number of Units
18
GRM
11.94
Occupancy
100.0%
Price/Unit
$208,333
Price/Gross SF
$317.53
Gross SF
11,810

Investment Overview

The Weir Group is pleased to present 8118 S Western Ave, an 18-unit investment property in Los Angeles, California. The property is located between W 81st and W 82nd Streets just blocks from the Harbor Freeway. This area is a solid majority-renter market with low vacancy rates. 8118 S Western Ave consists of one 2 bedroom/2 bathroom, one 2 bedroom/1 bathroom, and sixteen 1 bedroom/1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers covered parking spots. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • New Roof and Seismic Retrofit Completed
  • Delivered with 3 Vacant Units
  • 12 GRM on Actuals and 4.71% CAP
  • Proforma 8.62 GRM and 7.8% CAP

Exclusively Listed By

Financing By

Multifamily

8118 S Western Ave

Listing Price: $3,750,000

Cap Rate
4.71%
Number of Units
18
GRM
11.94
Occupancy
100.0%
Price/Unit
$208,333
Price/Gross SF
$317.53
Gross SF
11,810

Investment Highlights

  • New Roof and Seismic Retrofit Completed
  • Delivered with 3 Vacant Units
  • 12 GRM on Actuals and 4.71% CAP
  • Proforma 8.62 GRM and 7.8% CAP

Investment Overview

The Weir Group is pleased to present 8118 S Western Ave, an 18-unit investment property in Los Angeles, California. The property is located between W 81st and W 82nd Streets just blocks from the Harbor Freeway. This area is a solid majority-renter market with low vacancy rates. 8118 S Western Ave consists of one 2 bedroom/2 bathroom, one 2 bedroom/1 bathroom, and sixteen 1 bedroom/1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers covered parking spots. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

Financing By

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