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9517 S Western Ave, Los Angeles, CA 90047
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9517 S Western Ave Los Angeles, CA 90047

$900,000 Sold Price as of 07/12/2022
  • 8 Beds
  • 4 Baths
  • 2,560 Sq.Ft.
Sold
$900,000 Sold Price as of 07/12/2022 Refinance Your Mortgage
Map preview of 9517 S Western Ave, Los Angeles, CA 90047

Property Overview: 9517 S Western Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,560 living square feet and 5,586 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Western Four is a well-positioned 4-Unit Investment Property comprised of Four (4) detached homes. Each home is a 2 bedroom / 1 bathroom for a total of 2,560 Sq. ft. - situated on a 5,586 Sq. ft R1.5 zoned Lot in the City of Los Angeles. In July 2022 there will be 1 unit vacant bringing the estimated yearly income to an impressive $80,580, GRM of 11, Cap Rate of 6.5% and an estimated ROI of 11% Year One! (See OM for details). There are approximately six (6) parking spots that are easily accessible off the alley. Tenants enjoy a gated courtyard and outdoor space surrounding each home which is utilized for storage and outdoor living. The Western Four is conveniently located roughly 1 mile from mega-development Sofi Stadium (Rams House), just one block to Jesse Owens Park and Maggie Hathaway Golf Course; and walking distance to several restaurants and shops. This is a well-managed building with several recent upgrades in a high-demand rental area with considerable upside potential - Don't miss this diamond.

Listed by Paul Fisher | BRE #02018310 | Compass
Last checked: 9 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,586
HOA Dues
$0/mo
Year built
1944
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22144331
City
Los Angeles
County
Los Angeles
Time on Site
903 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,339
  • Total Rent: $1,339
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,920
  • Total Rent: $1,920
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,829
  • Total Rent: $1,829
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,297
  • Total Rent: $1,297
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.13
  • Gross Scheduled Income: --
  • Net Operating Income: $58,507
  • Gross Operating Income: $80,580
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 9517 S Western Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • No Laundry
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 6057011003
Location / Neighborhood
Location Information
  • Directions: Google Maps. Alley/Parking in back.
View more facts & features

Local Los Angeles Agent

Sale History for 9517 S Western Ave

Last sold for $900,000 on July 12th, 2022

  • July, 2022

  • Jul 12, 2022

    Date

    Sold

    CRMLS: 22144331

    $900,000

    Price

  • Apr 7, 2022

    Date

    Active

    CRMLS: 22144331

    $897,000

    Price

  • March, 2018

  • Mar 5, 2018

    Date

    Sold

    CRMLS: DW17265538

    $675,000

    Price

  • Dec 28, 2017

    Date

    Pending

    CRMLS: DW17265538

    $775,000

    Price

  • Nov 28, 2017

    Date

    Active

    CRMLS: DW17265538

    $775,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2018

  • Feb 15, 2018

    Date

    Sold (Public Records)

    Public Records

    $695,000

    Price

  • July, 1995

  • Jul 25, 1995

    Date

    Sold (Public Records)

    Public Records

    $194,000

    Price

Show More

Tax History for 9517 S Western Ave

Assessed Value (2020): $723,078
Year Land Value Improved Value Assessed Value
2020 $577,422 $145,656 $723,078

Home Value Compared to the Market

This property vs the competition

9517 S Western Ave sold on July 12, 2022 for 19.91% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $350.39 per/sqft which puts the price per square foot 51.6% lower than the current median sale per square foot for the city of Los Angeles.

About 9517 S Western Ave

Detailed summary of property

9517 S Western Ave is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,560 living square feet, and sits on an approximately 5,586 square foot lot. 9517 S Western Ave was first listed on ArdentRealEstateGroup.com on April 8, 2022. The homeowner sold the property for $900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 19.91% lower than the current median priced home. Local homes that are currently for sale include 1652 W 81st St, 1538 W 81st St and 1149 W 87th St. While the average home in Los Angeles, CA is selling in 106 days, 9517 S Western Ave has a days on market of 34 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 9517 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9517 S Western Ave

Public county record property details
Beds
8
Baths
4
Year built
1944
Sq. Ft.
2,560
Lot Size
5,585
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
6057-011-003

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$750,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$561
Total Inventory
98
Median Sale to List Price %
99.39%
Avg Days on Market
43
Loan Type
Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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