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8118 Western Avenue, Los Angeles, CA 90047
Priced at Only: $2,750,000
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Address: 8118 Western Avenue, Los Angeles, CA 90047
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  • MLS#: 26633905 ( )
  • Street Address: 8118 Western Avenue
  • Viewed: 4
  • Price: $2,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 51
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90047
  • Provided by: Marcus & Millichap
  • Contact:
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 11810.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 215260.00
Parcel Number
  1. 6034009003
Parking Features
  1. Gated
Sourcesystemkey
  1. 26633905:CLAW
Totalexpenses
  1. 110101.00
Year Built
  1. 1960
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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