9321 S Western Ave, Los Angeles, CA 90047
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9321 S Western Ave, Los Angeles, CA 90047
9321 S Western Ave, Los Angeles, CA 90047
9321 S Western Ave, Los Angeles, CA 90047
9321 S Western Ave, Los Angeles, CA 90047
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Drew Smyth

Drew Smyth

+1(323) 762-5987
$ 1,000,000
Est. payment /mo
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9321 S Western Ave Los Angeles, CA 90047

6 Beds

5 Baths

4,076 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,076 sqft

Price per Sqft $245

MLS Listing ID 26106388

Bedrooms 6

Year Built 1946

Lot Size 5,702 Sqft

Acres 0.1309

Property Sub-Type Multi-Family

Property Description

We are pleased to present 9321 S Western Avenue, a mixed use investment opportunity with 3 apartment units and 2 retail spaces in Gramercy Park, Los Angeles. The property is comprised of two detached structures totaling 4,076 SF with a unit mix of all (1) 1 Bed / 1 Bath, (1) 2 Bed / 1 Bath units, (1) 3 Bed / 1 Bath units, and (2) Retail Spaces. The 3 Bedroom unit will be delivered vacant. The property will be delivered with a projected gross monthly income of $9,343 (upon lease up of vacant 3 bedroom unit), or $112,119 annually. The opportunity yields a 7.3% Cap Rate on current income (8.92 GRM). 9321 S Western Ave is centrally in the heart of Gramercy Park, just 2 miles east of SoFi Stadium / Hollywood Park with convenient access to LAX, South Bay, Inglewood, and Culver City. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Driveway, Gated, Parking Space

Garage Spaces 5.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Drew Smyth
Drew Smyth

Team lead

+1(323) 762-5987 | drew@smyth-properties.com

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9321 S Western Ave