8927 S Western Avenue, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$500,000
8927 S Western Avenue, Los Angeles, California 90047
0Bed
0Bath
3,195Sqft
2,813Lot
Year Built
1954
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$156
HOA
-
Days on market
-
Sold On
-
MLS number
RS25254763
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros.
FORECLOSURE! GREAT INVESTMENT! LESS THAN TWO MILES FROM THE SoFi STADIUM! FLIP OR HOLD AND CASHFLOW! CASH BUYERS ONLY! NO ASSIGNEE OFFERS This is a 2-story mixed-use building with 2 one-bedroom apartments upstairs and 2 commercial spaces downstairs and rear alley access for parking for 3 vehicles. The building measures 3,195 sq ft on a lot that measures 2,813 sq ft. The seller is willing to sell it at a discounted price. Looking for a cash offer of $500k, "As Is".
Nearby schools
3/10
La Salle Avenue Elementary School
Public,•K-5•0.2mi
1/10
Manhattan Place Elementary School
Public,•K-5•0.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
1/10
Century Park Elementary School
Public,•K-5•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•1.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.5mi
2/10
George Washington Preparatory High School
Public,•9-12•1.3mi
2/10
Morningside High School
Public,•9-12•1.8mi
2/10
Inglewood High School
Public,•9-12•2.6mi
9/10
Middle College High School
Public,•9-12•4.0mi
Price History
Date
Event
Price
11/06/25
Listing
$500,000
08/31/21
Sold
$459,500
07/31/15
Sold
$412,000
11/29/12
Sold
$180,000
Condition Rating
Poor
This mixed-use property, built in 1954, is 70 years old and explicitly listed as a 'FORECLOSURE' and sold 'As Is' for 'CASH BUYERS ONLY'. The exterior images reveal significant deferred maintenance, including rusty metal stairs, peeling paint, and a generally neglected appearance. The absence of interior photos for kitchens and bathrooms strongly suggests these areas are in very poor, outdated, and likely non-functional condition, requiring substantial repairs and rehabilitation. The property's age and 'As Is' status indicate major components are likely outdated and in need of extensive system replacements or repairs.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Mixed-Use Income Potential: The property features two residential apartments and two commercial spaces, offering diversified income streams and strong cash flow potential for investors.
Strategic Location near SoFi Stadium: Situated less than two miles from SoFi Stadium, enhancing its appeal for both residential tenants and commercial businesses due to high traffic and event-driven demand.
Investment Opportunity (Foreclosure/Discounted): Marketed as a foreclosure and offered at a discounted price, presenting a significant opportunity for investors seeking high returns through flipping or long-term holding.
Dedicated Parking: Includes rear alley access with parking for three vehicles, a valuable amenity in a dense urban environment like Los Angeles.
Versatile Use: The mixed-use zoning allows for a combination of residential and commercial operations, providing flexibility for future development or tenant mix adjustments.
Cons
Limited Buyer Pool (Cash Only): The requirement for cash buyers and prohibition of assignee offers severely restricts the market, potentially leading to a longer sales cycle or lower final price.
As Is Sale Condition: Being sold 'As Is' indicates that the property likely requires substantial capital investment for repairs, renovations, or upgrades, adding significant cost and risk for the buyer.
Age of Property: Built in 1954, the building is 70 years old, suggesting potential for outdated infrastructure, systems, and deferred maintenance, which could lead to unexpected expenses.