8430 Wiley Post Ave, Westchester, CA 90045

8430 Wiley Post Ave, Westchester, CA 90045

Westchester, CA
$1,495,000

Property Description

About this home

8430 Wiley Post Ave is a well-positioned 4-unit property offering a blend of new construction, mid-term rental income, and strong appeal for both investors and owner-users. The property generates $123,000 in current annual income, with one-bedroom units achieving approximately $3,500/month on mid-term rentals. Offered at $1,495,000, the asset provides a current cap rate of 5.84% with upside to 7.24%. The property features a great unit mix of four 1-bedroom/1-bath units, including two newly constructed units completed in 2024. These rear units offer vaulted ceilings, in-unit washer and dryer, all new appliances, and private outdoor spaces, making them highly attractive to both tenants and short- or mid-term rental users. The property features a large front yard, a rare amenity that enhances the overall livability and appeal of the property. Currently, the back and middle units are operated as Airbnb rentals, generating strong income; however, both units can be delivered VACANT at close of escrow, creating an attractive opportunity for an owner-user or investor seeking great returns. A buyer can implement their preferred strategy from day one whether maximizing returns through mid-term rentals or occupying a unit while offsetting expenses with rental income. Located north of Manchester, the property sits in a quiet residential neighborhood in Westchester, further enhancing its appeal to both tenants and owner-occupants.

Key things to know

  • Four 1-bedroom, 1-bath units with two newly constructed in 2024.
  • Vaulted ceilings, in-unit washer/dryer, and all-new appliances in rear units.
  • Front unit offers a large private yard for owner-occupier appeal.
  • Back and middle units operated as Airbnb; VACANT at close for flexible strategy.
  • Westchester location north of Manchester; quiet residential setting with $123,000 annual income.

Property Features

  • Sale Price: $1,495,000
  • Area Size: 2,444 sq ft
  • Land Area: 6,005 sq ft
  • Year Built: 1943
  • Units: 4

Lyon Stahl Investment Real Estate

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