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$595,000

Beds
1
sq ft
2,058

8911 S Western Ave, Los Angeles, CA 90047

8911 S Western Ave

Los Angeles, CA 90047

  • 71 days on market
We are pleased to present a 3-unit mixed-use property located on 8911 S Western Ave in Los Angeles. The property consists of two separate structures, with the front building consisting of two commercial storefront units, 726 SF each, with a 1BD+1BA residential bungalow in the rear with alley access, built in 1947 and 1948, respectively. With 2 VACANT units (1 commercial and 1 residential), the property provides a unique opportunity for multiple strategies. Through a value-add strategy, a new owner will have the ability to operate at a 6+% CAP rate at an affordable purchase price. Contact the listing agent for additional information.

Details

Property type

Lot size

2,813 sq ft

Price per sq ft

$290

Year built

1947

HOA

No

Price History

07/11/2024
CLAW

CLAW #24414225

Listed
$595,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bill Romas

Loan start date

July 1997

Original loan amount

$45,399

Est. remaining balance

Not provided

Interest rate

7.94%

Loan type

Commercial

Seller

Los Angeles Homeowners Aid Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:40 AM

Listing updated: 07/19/2024 at 5:23 AM

Listed by: Casey Lins, Kidder Mathews of California, Inc. Phone #: (858) 369-3010

MLS: CLAW #24414225

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