8911 Western AveLos Angeles, CA 90047

Property Details for 8911 Western Ave

Year built

1947

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,058 SF

Zone code

LAC2

Property type

Investment properties

Property subtype

Live-work space

APN

6036-017-003

APU

6036017003

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $690,824

  6.5%

  $637,684

  7%

  $592,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,176

  Geo Method

  $399,176

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,290,930

  Retail / Commercial

  $649,688

  Hospitality / Lodging

  $455,236

  Office

  $623,805

  Institutional / Educational

  $659,472

  Residential Income

  $771,582

  Multifamily

  $979,101

  Automotive / Energy

  $565,262

  Parking / Income-Based Land

  $204,636

  Restaurant / Food Service

  $310,989

  Healthcare / Senior Housing

  $663,868

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9559

Longitude

-118.309

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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