8911 Western Ave Los Angeles, CA 90047

This exceptional mixed-use property, located at 8911 S Western Ave, Los Angeles, CA 90047, presents a compelling value-add investment opportunity. The property encompasses 2,058 square feet on a 2,813 square foot lot and features three units: two 726 square foot commercial storefronts and one 1-bedroom, 1-bathroom residential bungalow. Built in 1947 and 1948, the property consists of two separate structures, with the residential unit offering alley access. Currently operating at 33% occupancy, the property boasts a Net Operating Income (NOI) of $35,772, translating to a 6.01% cap rate. A pro-forma analysis projects a significant increase in NOI to $37,541, resulting in a 6.31% cap rate, showcasing the substantial upside potential. The asking price is $595,000, representing a price per square foot of $289.12. The property is zoned LAC2, offering flexibility for various uses. With two vacant units—one commercial and one residential—this property provides a unique opportunity for immediate income generation and value enhancement through lease-up and potential renovations. The property's location in Los Angeles offers strong potential for rental income and appreciation. This is an ideal investment for those seeking a value-add opportunity with significant upside potential in a desirable Los Angeles location.