9318 S Western Avenue, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$1,040,000
9318 S Western Avenue, Los Angeles, California 90047
0Bed
0Bath
6,268Sqft
6,001Lot
Year Built
1947
Close
-
List price
$1.04M
Original List price
$1.1M
Price/Sqft
$166
HOA
-
Days on market
-
Sold On
-
MLS number
DW24205933
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros.
PRICE REDUCED////////. Mixed-use property, 4 residential apartments units on the second floor, all apartments are 1 bedroom, 1 bath each, with 1 car garage each. There are also 2 commercials on the first floor, a total of 6. Commercials are rented for $1250 and $ 1300. Property is separate metered for gas and electric. Property is centrally located. Must see to appreciate.
Nearby schools
1/10
Manhattan Place Elementary School
Public,•K-5•0.2mi
3/10
La Salle Avenue Elementary School
Public,•K-5•0.4mi
1/10
Century Park Elementary School
Public,•K-5•1.2mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.4mi
1/10
Horace Mann Junior High School
Public,•6-8•1.7mi
2/10
George Washington Preparatory High School
Public,•9-12•1.0mi
2/10
Morningside High School
Public,•9-12•1.7mi
2/10
Inglewood High School
Public,•9-12•2.7mi
9/10
Middle College High School
Public,•9-12•3.9mi
Condition Rating
Poor
Built in 1947, this 77-year-old mixed-use property shows significant age and wear. The exterior appears dated, and the visible commercial interior features worn carpets, basic fluorescent lighting, and outdated finishes, suggesting renovations, if any, occurred 30-50 years ago. Crucially, there are no images of the residential kitchens or bathrooms, but given the overall age and condition, it's highly probable these areas are also very outdated and require substantial repairs and rehabilitation. The property analysis confirms the need for 'significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations,' indicating major components require repair or replacement.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Diversified Income Stream: The property offers a robust mixed-use profile with 4 residential apartments and 2 commercial units, providing multiple and diversified income sources.
Separate Utility Metering: All units are separately metered for gas and electric, significantly reducing landlord operating expenses and administrative overhead.
Established Commercial Tenancy: Both commercial units are currently rented at $1250 and $1300, ensuring immediate and stable commercial income for the buyer.
Residential Garages Included: Each of the four residential units comes with a 1-car garage, a highly desirable amenity in the Los Angeles rental market.
Central Location: The property is described as 'centrally located,' suggesting good accessibility and potential for strong tenant demand for both residential and commercial spaces.
Cons
Property Age and Potential Upgrades: Built in 1947, the property is 77 years old, which may necessitate significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations.
Low-Rated Local Schools: Several nearby schools have low ratings (predominantly 1s and 2s), which could deter families with children and potentially impact long-term residential appeal and property value growth.
Limited Residential Unit Configuration: All four residential units are 1-bedroom, 1-bath, which limits the potential tenant demographic primarily to singles or couples, potentially excluding families.