
Los Angeles, California 90047
This 4-unit Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned slightly above the $1,061,946 Fair Market Value. Despite the premium, the property offers exceptional stability with a 9.85% cap rate and 100% Section 8 occupancy. With a Condition Rating of 4, the asset provides immediate cash flow while allowing for long-term value-add through modernization of its aging 1944 infrastructure. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking reliable, government-backed rental income in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9227 S Western Avenue Subject 0 bd · 0 ba · 2,560 sqft · $415 | $1,100,000* List Price | 0 | 0 | 2,560 | $415 | - |
A 2016 W Manchester Sold 0 bd · 0 ba · 1,920 sqft · $405 · 0.6 mi | $777,000 | 0 | 0 | 1,920 | $405 | 0.6 mi |
B 9650 S Western Sold 0 bd · 0 ba · 1,724 sqft · $458 · 0.3 mi | $790,000 | 0 | 0 | 1,724 | $458 | 0.3 mi |
C 2035 W 102nd Street Sold 5 bd · 2 ba · 2,250 sqft · $399 · 0.6 mi | $898,000 | 5 | 2 | 2,250 | $399 | 0.6 mi |
D 9309 S Western Active 0 bd · 0 ba · 2,560 sqft · $389 · 0.0 mi | $995,000 List Price | 0 | 0 | 2,560 | $389 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1944, this property is over 80 years old. While it is a stabilized, income-producing asset, the listing lacks any mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). The exterior shows dated stucco and simple finishes, suggesting the units are functional but likely dated and in need of minor repairs or modernization to meet current market standards.
High School: Middle College High School (9/10).
The property boasts an impressive 9.85% cap rate and a 7.88 GRM, offering investors immediate and high-yield returns that significantly outperform typical Los Angeles market averages.
With 100% occupancy by Section 8 tenants, the asset provides a stable and reliable income stream backed by government housing assistance payments, minimizing delinquency risk.
Built in 1944, the property may require higher long-term maintenance budgets and potential capital expenditures for aging mechanical, electrical, or plumbing systems.
The immediate neighborhood schools are predominantly rated 1 or 2 out of 10, which may limit long-term capital appreciation and appeal to a broader tenant demographic.
9.85% Cap Rate! 9227–9233 S. Western Ave presents an exceptional opportunity to acquire a well-performing, fully occupied 4-unit multifamily property in Los Angeles, offered at $1,100,000. The property is currently generating an impressive 9.85% cap rate and 7.88 GRM, with annual scheduled rental income of approximately $139,535. All four units are occupied by Section 8 tenants, providing consistent rental income supported by government housing assistance payments. Built in 1944, the property consists of approximately 2,560 square feet of improvements situated on a 5,703-square-foot lot, equating to just $430 per square foot and $275,000 per unit. The property features four spacious two-bedroom, one-bathroom units, averaging approximately 640 square feet each. With 100% occupancy and an average monthly rent of approximately $2,907 per unit, the property offers investors immediate cash flow and an attractive income-producing asset. Ideally located in South Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, Section 8 rental income, full occupancy, and an attractive price per unit, 9227–9233 S. Western Ave offers investors a compelling opportunity to acquire a stabilized multifamily investment in the Los Angeles rental market.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,560 | 2,090.331 |
| Lot Size | 5,700 | 5,852.908 |
| Price | $1.10M | $830.9K |
| Price per sq ft | $430 | $394 |
| Built year | 1944 | 1928 |
| HOA | $0 | $0 |
| Days on market | 24 | 87 |
Oct 16, 2026
$1,100,000
Initial Listing
Apr 13, 2010
$184,000
Public Record
Apr 21, 2006
$620,000
Public Record
Nov 16, 2005
$565,000
Public Record