22-Unit Multifamily Investment
For Sale
Contact for pricing
8317 Western Ave, Los Angeles, CA 90047
Value-add property in South Los Angeles with strong income potential.
Property Size14,224 SF
Lot Size0.37 Acres
Price / SF$252.74
Days on Market180
Property Features for 8317 Western Ave
General Information
Standard status
Active
Size
14,224 SF
Class
C
Lot size
0.37 Acres
Property subtype
Multifamily
Zoning
LAC2
Building Details
Year Built
1957
Listing Agency:
Northmarq
(310) 621-8221
Listed By:
Brent Sprenkle · License #01290116
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
Located in South Los Angeles, 8317–25 Western Ave is a 22-unit property offering a value-add opportunity. Constructed in 1957, the property consists of three well-maintained buildings totaling 14,228 square feet. Situated on a 16,156 square foot corner spanning three parcels, the property has frontage along Western Avenue and exposure from its corner position at 84th Place. The unit mix includes fourteen one-bedroom, one-bathroom units and eight two-bedroom, one-bathroom units, complemented by on-site parking. The property is positioned along Western Avenue, providing residents with access to public transportation, neighborhood retail, dining options, and daily amenities. It is located just north of Manchester Avenue, with access to the 110 Freeway and major employment hubs, including Downtown Los Angeles and Los Angeles International Airport (LAX).
Key Highlights
- Attractive 7.49% capitalization rate and 7.74 GRM offering strong in‑place yield.
- Value‑add potential through interior and operational enhancements to capitalize on rental growth.
- Desirable unit mix of fourteen 1‑bedroom/1‑bathroom and eight 2‑bedroom/1‑bathroom units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add property in South Los Angeles with strong income potential.
Where is this apartment building located?
The property is located at 8317 Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Attractive 7.49% capitalization rate and 7.74 GRM offering strong in‑place yield.; Value‑add potential through interior and operational enhancements to capitalize on rental growth.; Desirable unit mix of fourteen 1‑bedroom/1‑bathroom and eight 2‑bedroom/1‑bathroom units.
