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$ 1,650,000
Est. payment /mo
New
9234 Graham AVE Los Angeles, CA 90002
16 Beds
8 Baths
4,704 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $350
MLS Listing ID 26836535
Bedrooms 16
HOA Y/N No
Year Built 1940
Lot Size 9,983 Sqft
Property Description
Excellent multifamily investment opportunity in Los Angeles. This 8-unit property offers strong in-place income with additional upside through lease-up of the current vacancy. The property is currently generating approximately $172,688 in annual gross rental income with one vacant unit, producing an actual GRM of 9.55.Once fully occupied, projected annual gross rental income increases to approximately $199,000, bringing the projected GRM to approximately 8.29. This creates a compelling value-add opportunity for an investor seeking immediate cash flow with clear upside. Nearby transit includes access to the Metro A Line, including the Firestone Station on Graham Avenue and the 103rd Street/Watts Towers Station, providing rail connectivity toward Downtown Los Angeles, Long Beach, and other major Los Angeles destinations. With 8 units in a high-demand Los Angeles rental market, 9234 Graham Ave offers scale, income stability, and the ability to improve returns through full occupancy. Strong rental fundamentals, nearby Metro connectivity, and attractive projected income make this a solid addition to any multifamily portfolio.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Central
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6048025008
Special Listing Condition Standard
Listed by Mark King Mark King Real Estate #02139777
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