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Multifamily

8118 S Western Ave

8118 S Western Ave, Los Angeles, CA 90047

Listing Price: $3,000,000

Cap Rate
7.41%
Number of Units
18
GRM
8.75
Occupancy
100.0%
Price/Unit
$166,667
Price/Gross SF
$254.02
Gross SF
11,810

Investment Overview

The Weir Group is 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 two 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 bordering Inglewood 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.

Investment Highlights

  • Strong In-Place Income
  • Value-Add Opportunity
  • 17 Gated Parking Spaces
  • Prime Location

Exclusively Listed By

Multifamily

8118 S Western Ave

Listing Price: $3,000,000

Cap Rate
7.41%
Number of Units
18
GRM
8.75
Occupancy
100.0%
Price/Unit
$166,667
Price/Gross SF
$254.02
Gross SF
11,810

Investment Highlights

  • Strong In-Place Income
  • Value-Add Opportunity
  • 17 Gated Parking Spaces
  • Prime Location

Investment Overview

The Weir Group is 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 two 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 bordering Inglewood 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.

Exclusively Listed By

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