$3,750,000

8325 S Western Ave Los Angeles, CA 90047

Manchester Square Neighborhood

Estimated payment $23,554/month

3 Beds
3 Baths
14,228 Sq Ft
$264 Price per Sq Ft

Highlights

  • 0.37 Acre Lot
  • Rectangular Lot
  • Wall Furnace
  • No HOA

About This Home

Introducing 8317–8325 S Western Avenue, an exceptional 22-unit multifamily opportunity located in the rapidly evolving South Los Angeles submarket. Spanning two adjacent, well-maintained buildings, this value-add asset offers a strong mix of spacious one-bedroom and two-bedroom units, onsite parking, and gated access. The property sits on a large ±14,000 SF lot with prominent street frontage on Western Ave, providing excellent visibility and consistent tenant demand. Recent turnover of lower paying units, and steady operational performance make this a compelling acquisition for investors seeking both stability and upside. Most units are updated, with separately metered utilities for gas and electricity. Comes city approved plans for 3 additional ADU units at the rear of the property, which will not affect the existing parking at the south side of property. The asset is positioned to deliver strong long-term returns.

Listing Agent

David Ramirez

Home Base Realty Inc License #01246949 Listed on: 11/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Rectangular Lot
  • 6035017005, 6035017006

Parking

  • 3 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 14,228 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 10 / 4
  • Tax Tract Number 4552
  • Assessor Parcel Number 6035017007
  • $1,374 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 22 Units

Building Details

  • Rent Control
  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Furniture Replacement Expense $1,200
  • Insurance Expense $9,000
  • Maintenance Expense $21,600
  • Other Expense $1,500
  • Pest Control $3,000
  • Professional Management Expense $24,186
  • Supplies Expense $10,000
  • Trash Expense $7,200
  • Water Sewer Expense $18,000
  • New Taxes Expense $46,875
  • Operating Expense $162,961
  • Gross Income $439,738
  • Net Operating Income $276,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 7.38
  • Professional Management Expense: 24186.00
  • Property Attached: Yes
  • Supplies Expense: 10000.00
  • Water Sewer Expenses: 18000.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6035017007
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 263.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 3000.00
  • Sewer: Public Sewer
  • Trash Expense: 7200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6035017005, 6035017006
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 16159.00
  • Lot Size Acres: 0.3710
  • Latitude Manual: 33.96289000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 2400.00
  • Furniture Replacement Expense: 1200.00
  • Gross Income: 439738.00
  • Gross Operating Income: 439438.00
  • Gross Scheduled Income: 470998.00
  • Insurance Expense: 9000.00
  • Lot Size Area: 16159.0000 Square Feet
  • Maintenance Expense: 21600.00
  • Net Operating Income: 276777.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 162961.00
  • Other Expense: 1500.00
  • Other Expense Description: acctg
  • Other Income1: 300.00
  • Other Income2: 300.00
  • Rent Control: Yes
  • Total Expenses: 162961.00
  • Vacancy Allowance Rate: 5.40

Tax Info

  • New Taxes Expense: 46875.00
  • Tax Block: 4
  • Tax Lot: 10
  • Tax Tract Number: 4552
  • TaxOtherAnnualAssessmentAmount: 1374.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2025 11/26/25 For Sale $3,750,000 -- $264 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25266314

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90047 Manchester Square

8325 S Western Ave, Los Angeles, CA

For Sale

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
David Ramirez
Section Image
Home Base Realty Inc
(949) 279-6699