9305 Maie Ave, Los Angeles, CA 90002

9305 Maie Ave, Los Angeles, CA 90002

Los Angeles, CA

Property Description

We are pleased to present a 4-unit multi-family community located in the Hacienda Village neighborhood of South Los Angeles, CA. A short 23-minute local drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 105 and 110 Freeways. The property was originally built in 1925 and is comprised of approximately 2,152 rentable square feet on an oversized 9,040 square foot lot. The building has an outstanding unit mix, comprising one spacious 2-bedroom 1-bathroom house in the front, one duplex behind with 1-bedroom 1-bathroom units, and a freestanding 1 bedroom 1 bathroom unit at the back. One of the units in the duplex structure will be delivered without tenants, allowing an investor to achieve market rent for that unit. The property is separately metered for gas and electricity and features ample secured parking. This is a great opportunity to acquire a desirable multi-family asset with substantial upside and potential for an ADU development in a strong rental market of Los Angeles and could become a great addition to any investor’s portfolio.


Property Features

  • Sale Price: $900,000
  • Area Size: 9040 SF
  • Year Built: 1925
  • Listing Date: 5/19/2021
  • Units: 4
  • Current GRM: 14.56
  • Current Cap Rate: 4.28%
  • Market GRM: 9.29
  • Market Cap Rate: 8.03%
  • Current NOI: 38,528

Lyon Stahl Investment Real Estate

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