9309 S Western, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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9309 S Western
Los Angeles, California 90047
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,560Sq Ft
5,704Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$967,969
SUMMARY
This 4-unit bungalow-style High-Potential Investment Opportunity is listed at a List Price of $1,050,000, positioned well above the $985,490 Fair Market Value by 6%. While the property requires a full rehab due to its Condition Rating of 5, it offers a robust 7.50% cap rate and stable, government-backed income from Section 8 tenants. The bungalow layout provides significant rental demand, making this a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers focused on long-term cash flow and rental upside.
Estimated Market Value
$967,969
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9309 S Western Subject | $995,000* List Price | 0 | 0 | 2,560 | $378 | - |
A 2035 W 102nd Street Sold | $898,000 | 5 | 2 | 2,250 | $399 | 0.6 mi |
B 9435 S Western Active | $850,000 List Price | 0 | 0 | 2,560 | $332 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1943 (81 years old) with no mention of recent renovations to kitchens, bathrooms, or core systems. Exterior images show significant deferred maintenance, including peeling paint and weathered siding, suggesting the property requires a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- High Yield and Cash Flow
The property delivers an impressive 7.50% cap rate and a 9.85 GRM, providing investors with immediate, robust returns that outperform many other multifamily assets in the Los Angeles market.
- Stable Government-Backed Income
With 75% of the units occupied by Section 8 tenants, the property offers a highly reliable and consistent revenue stream backed by federal housing assistance programs.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1943, the property may require higher ongoing maintenance costs and potential capital expenditures to modernize aging systems and structural components.
- Low-Rated Local Schools
The immediate neighborhood is served by public schools with very low performance ratings (1-3 range), which may limit the appeal for long-term family tenants and impact future appreciation.
About 9309 S Western
9309 S. Western Ave presents an exceptional opportunity to acquire a well-performing 4-unit bungalow-style multifamily property in Los Angeles, offered at $995,000. The property is currently generating a strong 8.00% cap rate and 9.33 GRM, with pro forma rents reflecting approximately 26.02% upside in scheduled rental income. Three of the four units are occupied by Section 8 tenants, providing stable, reliable rental income backed by the housing assistance program. Built in 1943, the property consists of approximately 2,560 square feet of improvements situated on a 5,704 square foot lot, equating to just $388 per square foot. The property features four bungalow- style two-bedroom, one-bathroom units, offering residents added privacy and a highly desirable living arrangement, along with four on-site parking spaces. Ideally located in Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, government-backed rental income, significant rental upside, and an attractive bungalow-style layout, 9309 S. Western Ave offers investors a compelling opportunity in a consistently strong rental market.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1943
- Lot Size
- 5,704 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Manhattan Place Elementary School
Grades K-5 • 0.2 mi
1/10
La Salle Avenue Elementary School
Grades K-5 • 0.4 mi
3/10
Century Park Elementary School
Grades K-5 • 1.2 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,560 | 2,187.451 |
| Lot Size | 5,704 | 5,841.385 |
| Price | $995.0K | $841.5K |
| Price per sq ft | $389 | $385 |
| Built year | 1943 | 1928 |
| HOA | $0 | $0 |
| Days on market | 35 | 85 |
Pricing History
Listed for Sale
Sep 1, 2026
$995,000
$1,050,000
-5% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,050,000
Initial Listing
Sold
Sep 6, 2016
$450,000
Public Record