9802 Graham Ave, Los Angeles, CA 90002

Property Overview

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9802 Graham Avenue is a fully occupied 4-unit multifamily investment located in South Los Angeles, offering investors stable cash flow with strong value-add potential through strategic renovations, ancillary income streams, and possible ADU development. The property consists of one 3-bedroom unit and three 2-bedroom units across 2,656 square feet of building area on a 4,655-square-foot LAR2-zoned lot, providing flexibility for future expansion or conversions. With current rents positioned below market, investors have the opportunity to significantly increase income through interior upgrades, implementation of RUBS, and addition of amenities.

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Key Property Details

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• Location: 9802 Graham Avenue, Los Angeles, CA 90002‍
• Lot Size: 4,655 sq. ft.
• ‍Total Building Area: 2,656 sq. ft.
• ‍Units: 4 (1 × 3BR/1BA, 3 × 2BR/1BA)
• ‍Zoning: LAR2
• ‍Year Built: 1959
• ‍Price: $950,000
• ‍Price Per Unit: $237,500
• ‍Price Per Sq. Ft.: $357.68
• ‍Current Cap Rate / GRM: 8.01% / 9.18
• ‍Pro Forma
• Cap Rate / GRM: 10.66% / 7.34
• ‍Current Scheduled Gross Rent (SGR): $103,440 annually ($8,620/month)
• ‍Pro Forma SGR: $129,360 annually ($10,780/month)

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Investment Highlights

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• 100% occupancy provides immediate in-place cash flow.
• ~25% rental upside by bringing rents to market levels.
• LAR2 zoning supports potential for ADU or garage conversions.
• Ancillary income opportunities include RUBS, laundry, storage, and pet fees.
• Positioned in a high-demand rental market with consistent absorption.

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Neighborhood and Accessibility

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9802 Graham Avenue benefits from a South Los Angeles location that offers proximity to major employment centers, retail corridors, and public transit. The area is seeing continued investment driven by large-scale projects such as SoFi Stadium, Hollywood Park, and the upcoming Intuit Dome, solidifying long-term demand and rental growth potential.

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Market Trends and Financial Potential

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• Current Occupancy: 100%
• ‍Vacancy Assumption: 3%
• ‍Property Tax Rate: 1.25%
• ‍Insurance Estimate: $1.25 per sq. ft.
• ‍Repairs & Maintenance: $750 per unit annually
• ‍Gardener: $100/month
• ‍Reserves: $200 per unit annually

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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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