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$ 1,495,000
Est. payment | /mo
4 Beds
4 Baths
2,444 SqFt
$ 1,495,000
Est. payment | /mo
4 Beds
4 Baths
2,444 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,444 sqft
Price per Sqft $611
MLS Listing ID 26829823
Bedrooms 4
HOA Y/N No
Year Built 1943
Lot Size 6,006 Sqft
Property Description
8430 Wiley Post Ave is a well-positioned 4-unit property offering a blend of new construction, mid-term rental income, and strong appeal for both investors and owner-users. The property generates $123,000 in current annual income, with one-bedroom units achieving approximately $3,500/month on mid-term rentals. Offered at $1,495,000, the asset provides a current cap rate of 5.84% with upside to 7.24%.The property features a great unit mix of four 1-bedroom/1-bath units, including two newly constructed units completed in 2024. These rear units offer vaulted ceilings, in-unit washer and dryer, all new appliances, and private outdoor spaces, making them highly attractive to both tenants and short- or mid-term rental users. The property features a large front yard, a rare amenity that enhances the overall livability and appeal of the property. Currently, the back and middle units are operated as Airbnb rentals, generating strong income; however, both units can be delivered VACANT at close of escrow, creating an attractive opportunity for an owner-user or investor seeking great returns. A buyer can implement their preferred strategy from day one whether maximizing returns through mid-term rentals or occupying a unit while offsetting expenses with rental income. Located north of Manchester, the property sits in a quiet residential neighborhood in Westchester, further enhancing its appeal to both tenants and owner-occupants.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR2
Interior
Heating Floor Furnace
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4107019004
Special Listing Condition Standard
Listed by David Messiah Lyon Stahl Investment Real Estate, Inc. #02117893
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