9228 S Western Ave, Los Angeles, CA 90047

Property Overview

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9228 S Western Avenue is a 1948-built four-unit multifamily investment in South Los Angeles, offering investors stable in-place income with notable upside through rent growth and operational efficiencies. The property consists of three two-bedroom units and one one-bedroom unit across 2,993 square feet of building area on a 6,001-square-foot LAC2-zoned lot. With current rents positioned below market, investors can unlock value by modernizing interiors, implementing RUBS, and exploring ancillary income opportunities. Secure parking in the rear, plus a private garage, enhances tenant demand and retention.

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Key Property Details

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• Location: 9228 S Western Avenue, Los Angeles, CA 90047
• Lot Size: 6,001 square feet
• Total Building Area: 2,993 square feet
• Units: 4 (3 × 2BR/1BA, 1 × 1BR/1BA)
• Zoning: LAC2
• Year Built: 1948
• Parking: Secure rear parking + 1 private garage
• Rent Control: Subject to LA RSO
• Utilities: Separately metered

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Investment Highlights

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• 100% occupied with steady in-place income.
• Rental upside available through mark-to-market adjustments.
• Light renovations provide a clear path to NOI growth.
• Separately metered utilities lower operating expenses.
• Secure parking and garage offer competitive tenant amenities.
• Small-unit mix appeals to a broad renter base in South Los Angeles.

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Neighborhood and Accessibility

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Located just south of Manchester Avenue, 9228 S Western Avenue benefits from strong renter demand in a rapidly improving corridor. The property sits within minutes of Inglewood’s SoFi Stadium, the new Intuit Dome (future home of the LA Clippers), and the 300-acre Hollywood Park mixed-use development. Its South Los Angeles location provides excellent access to major employment centers, public transit, and retail amenities, ensuring long-term occupancy stability.

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Market Trends and Financial Potential

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• Current Occupancy: 100%
• Vacancy Assumption: 5% (standard underwriting)
• Property Tax Rate: 1.199691% of purchase price
• Insurance Estimate: ~$1.00 per square foot annually
• Repairs & Maintenance: ~$750 per unit annually
• Management Fee: 5% of Effective Gross Income
• Reserves: $200 per unit annually
• Gardener: $100/month

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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