CashFlowRE
Sign in Sign up
9318 S Western Multi-family
B- Composite 68.67
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • DSCR +10.0/10.0
  • 1% rule +9.7/10.0
  • ARV discount +7.5/15.0
  • Rent growth +3.9/5.0
  • Livability +3.4/5.0
  • Condition / age +2.2/5.0
  • Schools +2.0/10.0
  • Appreciation +0.0/10.0

$775,000

9318 S Western · Los Angeles, CA 90047
4 bd · 6.0 ba · 6,268 sqft · MultiFamily · 94 Days on market
Built 1947 Fair condition 6,001 sqft lot Garage $124/sqft · 50% below area ↓ 41% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Located in a high-demand area near a major stadium, entertainment venues, shopping, dining, and next to freeways. Attractive appeal for both business tenants and residents. A rare opportunity for investors seeking upside potential in a growing location. Prime mixed-use investment opportunity featuring 2 street-front commercial storefronts and 4 spacious one-bedroom residential units. The four-car garage may offer potential for future ADU conversion or additional income opportunities.

Key facts

  • Major stadium
  • Four-car garage
  • High-demand area

Tags

HIGH-DEMAND AREAMAJOR STADIUMMIXED-USE INVESTMENTFOUR-CAR GARAGEADU CONVERSIONMULTIPLE INCOME STREAMS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/6.0-bath multifamily listed at $775k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $4k ($43k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($11k rent vs $775k).
  • Recommended offer: $705k (9.0% below list) — sets the bar for market timing.
  • Cap rate 11.9% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, crime F, cost of living F.
  • Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Manhattan Place Elementary (225 students, 97% FRL); Valley Academy of Arts And Sciences (math 22% / reading 52%, grade F, #578 of 1,170 statewide, top 51%, 868 students, 64% FRL).
  • Market conditions: Rents rising fast (+5.5%/yr); 182 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
  • At $11,366/mo this rent would consume 190% of the median local household income ($72k/yr) (locally 17% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $23k of value loss. Plan a longer hold.
  • Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 5.5% rent growth), your $217k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 94 days — a 9% lower offer ($705k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $705,250 (9.0% below list)

Questions for the listing agent

  1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.47%
Cap rate
11.90%
Cash-on-cash
20.04%
DSCR
1.89
GRM
5.7

CMA / ARV

ARV (median comp)
$1,553,412
List price
$775,000
Delta
-49.14%
Verdict
UNDERPRICED
Comps
17 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
7912 S Vermont Ave 1.48mi 4/— 5,250 (-16%) 57mo $1,095,000 $209 20
820 -824 W 95th St 1.06mi 6/14.0 (+2) 7,547 (+20%) 4mo $1,400,000 $186 16
8101 Crenshaw Blvd 1.61mi 6/7.0 (+2) 5,324 (-15%) 30mo $1,375,000 $258 6
4068 W Century Blvd 2.21mi 4/2.0 4,717 (-25%) 42mo $3,299,000 $699 4
250 W 92nd St 1.78mi 3/1.0 (-1) 4,748 (-24%) 56mo $875,000 $184 0

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.51% rent growth · sell at horizon

5-year hold
IRR
15.0%
Equity multiple
1.62×
Total profit
$134,781
Equity at exit
$115,555
10-year hold
IRR
25.5%
Equity multiple
3.50×
Total profit
$542,328
Equity at exit
$67,008

Cash invested: $217,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City Los Angeles
0 Strongly Tenant-Friendly · D+22
LARSO + JCEO 2023; relocation for substantial remodel evictions.

ZIP-level market 90047

Rents YoY
5.5%
Active inventory
182
Price-to-rent
22.7×

Monthly cashflow live

Estimated rent
$11,366 high interval (Pro) →
Mortgage (P&I)
$4,064
Tax est. 1.5%
$969 /mo · $11,625/yr
Insurance
$323
HOA
$0
Vacancy / Maint / Mgmt
$2,387
Net cashflow
$3,623

4-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (4 units) $11,366

Break-even live

Break-even rent $6,780
Max offer price $775,000
Occupancy floor 63%

Sensitivity live

Price -10% $4,159 -5% $3,891 +0% $3,623 +5% $3,355 +10% $3,088
Rent -10% $2,725 -5% $3,174 +0% $3,623 +5% $4,072 +10% $4,521
Rate -1.0pp $4,014 -0.5pp $3,820 base $3,623 +0.5pp $3,422 +1.0pp $3,218

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$193,750
Closing costs
$23,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
9424 S Manhattan Pl Los Angeles, CA 2.0 1.0 806 $2,800 $3.47 73d 1 0.06mi
9450 S Western Ave Unit 9 Los Angeles, CA 2.0 1.0 $2,145 65d 1 0.08mi
9450 S Western Ave Unit 2A Los Angeles, CA 2.0 1.0 $2,145 7d 1 0.08mi
9450 S Western Ave Los Angeles, CA 2.0 1.0 $1,955 66d 1 0.08mi
9450 S Western Ave Apt 2 Los Angeles, CA 2.0 1.0 $2,145 25d 1 0.08mi
9450 S Western Ave Unit 5 Los Angeles, CA 2.0 1.0 $2,145 53d 1 0.08mi
1704 W 94th St Los Angeles, CA 2.0 1.0 900 $3,800 $4.22 4d 1 0.09mi
1704 W 94th St Los Angeles, CA 2.0 2.0 $3,495 93d 1 0.09mi
1916 W 94th St Los Angeles, CA 2.0 2.0 1251 $4,200 $3.36 66d 1 0.18mi
9140 S Manhattan Pl Los Angeles, CA 2.0 1.0 930 $3,055 $3.28 93d 1 0.18mi
9601 La Salle Ave Unit Adu Los Angeles, CA 1.0 1.0 900 $1,680 $1.87 19d 1 0.24mi
9601 La Salle Ave Los Angeles, CA 1.0 1.0 900 $1,800 $2.00 28d 1 0.24mi
10035 S Western Ave Los Angeles, CA 2.0 2.0 930 $3,495 $3.76 93d 1 0.46mi
10035 S Western Ave Unit 9 Los Angeles, CA 2.0 2.0 930 $2,700 $2.90 73d 1 0.46mi
10035 S Western Ave Unit 7 Los Angeles, CA 2.0 2.0 930 $3,000 $3.23 93d 1 0.46mi
9449 Normandie Ave Unit 2 Los Angeles, CA 1.0 1.0 535 $1,495 $2.79 23d 1 0.48mi
9417 Normandie Ave Los Angeles, CA 1.0 1.0 550 $1,595 $2.90 51d 1 0.49mi
10045 S Saint Andrews Pl Unit 2 Los Angeles, CA 1.0 1.0 1576 $1,190 $0.76 39d 1 0.50mi
10045 S Saint Andrews Pl Unit 3 (Middle) Los Angeles, CA 1.0 1.0 1576 $1,200 $0.76 35d 1 0.50mi
10025 S Gramercy Pl Los Angeles, CA 1.0 1.0 1312 $2,000 $1.52 12d 1 0.51mi
1334 W 93rd St Unit 06 Los Angeles, CA 2.0 2.0 $2,600 68d 1 0.55mi
1334 W 93rd St Los Angeles, CA 2.0 2.0 750 $2,600 $3.47 93d 1 0.55mi
1535 W 102nd St Unit 06 Los Angeles, CA 2.0 1.0 625 $1,795 $2.87 16d 1 0.55mi
1535 W 102nd St Unit 06 Los Angeles, CA 2.0 1.0 625 $1,795 $2.87 24d 1 0.55mi
1327 W 94th St Unit 2 Los Angeles, CA 2.0 1.0 910 $2,700 $2.97 31d 1 0.57mi
1458 W 101st St Los Angeles, CA 2.0 2.0 1000 $2,150 $2.15 93d 1 0.58mi
8731 S Gramercy Pl Los Angeles, CA 1.0 1.0 500 $2,100 $4.20 93d 1 0.58mi
9501 S 2nd Ave Unit 2 Inglewood, CA 1.0 1.0 660 $1,800 $2.73 93d 1 0.58mi
1246 W 93rd St Unit 12 Los Angeles, CA 2.0 1.0 $2,450 10d 1 0.62mi
1246 W 93rd St Apt 2 Los Angeles, CA 1.0 1.0 $1,900 48d 1 0.62mi
1317 W 97th St Unit 1 Los Angeles, CA 1.0 1.0 750 $1,650 $2.20 11d 1 0.62mi
1307 W 96th St Unit 1307 Los Angeles, CA 1.0 1.0 549 $2,172 $3.96 34d 1 0.62mi
1515 W 103rd St Apt 9 Los Angeles, CA 2.0 2.0 1000 $2,250 $2.25 93d 1 0.63mi
1320 W 97th St Unit 5 Los Angeles, CA 2.0 1.0 $2,061 93d 1 0.64mi
10314 S Wilton Pl Unit 1 Los Angeles, CA 2.0 1.0 900 $2,495 $2.77 93d 1 0.64mi
1318 W 90th St Unit C1 Los Angeles, CA 1.0 1.0 $1,750 32d 1 0.66mi
1318 W 90th St Apt C Los Angeles, CA 1.0 1.0 $1,629 15d 1 0.66mi
1318 W 90th St Apt C Los Angeles, CA 1.0 1.0 $1,750 34d 1 0.66mi
1447 W 103rd St Los Angeles, CA 1.0 1.0 $1,629 93d 1 0.66mi
1734 W 85th St Unit 3 Los Angeles, CA 1.0 1.0 150 $1,200 $8.00 93d 1 0.66mi

Property features AI

Finance

Other
Total building area reported as 6,268
Financial info
Gross scheduled income $74,304Gross income $74,304Net operating income $58,413Total actual rent $6,192Operating expenses $15,891 (includes insurance $9,000; water/sewer $1,200; trash $1,200)Rent-controlled property
HOA & community
Urban community

Exterior

Parking
Four garage spaces total; each unit includes one garage space
Utilities
Public sewerDistrict/Public waterSeparate water, gas, and electric meters for each unit (6 total)
Home design
Attached propertyTwo-story buildingSingle building with common wall
Construction
Year built reported from public records
Exterior features
No pool

Interior

Kitchen
No specific kitchen appliance details provided
Bedrooms
Six separate 1-bedroom units (each unit listed as furnished)
Bathrooms
Each unit includes one full bathroom
Interior features
Main-level entry
Laundry & utility
Laundry area on-site

Listing history 50 events

  1. 2026-08-08
    days on market $775,000 Active 94 DOM
  2. 2026-08-06
    days on market $775,000 Active 92 DOM
  3. 2026-08-05
    days on market $775,000 Active 91 DOM
  4. 2026-08-04
    days on market $775,000 Active 90 DOM
  5. 2026-08-03
    pricedays on market $775,000 Active 89 DOM
  6. 2026-07-31
    days on market $789,999 Active 86 DOM
  7. 2026-07-30
    days on market $789,999 Active 85 DOM
  8. 2026-07-30
    days on market $789,999 Active 84 DOM
  9. 2026-07-28
    days on market $789,999 Active 83 DOM
  10. 2026-07-26
    days on market $789,999 Active 81 DOM
  11. 2026-07-24
    days on market $789,999 Active 79 DOM
  12. 2026-07-23
    days on market $789,999 Active 78 DOM
  13. 2026-07-22
    days on market $789,999 Active 77 DOM
  14. 2026-07-21
    days on market $789,999 Active 76 DOM
  15. 2026-07-20
    days on market $789,999 Active 75 DOM
  16. 2026-07-18
    days on market $789,999 Active 73 DOM
  17. 2026-07-18
    days on market $789,999 Active 72 DOM
  18. 2026-07-16
    days on market $789,999 Active 71 DOM
  19. 2026-07-15
    days on market $789,999 Active 70 DOM
  20. 2026-07-14
    days on market $789,999 Active 69 DOM
  21. 2026-07-13
    days on market $789,999 Active 68 DOM
  22. 2026-07-13
    days on market $789,999 Active 67 DOM
  23. 2026-07-11
    days on market $789,999 Active 66 DOM
  24. 2026-07-10
    days on market $789,999 Active 65 DOM
  25. 2026-07-09
    days on market $789,999 Active 64 DOM
  26. 2026-07-08
    price $789,999 Active 62 DOM
  27. 2026-07-07
    days on market $800,000 Active 62 DOM
  28. 2026-07-06
    days on market $800,000 Active 61 DOM
  29. 2026-07-06
    days on market $800,000 Active 60 DOM
  30. 2026-07-05
    days on market $800,000 Active 59 DOM
  31. 2026-07-03
    days on market $800,000 Active 58 DOM
  32. 2026-07-02
    days on market $800,000 Active 57 DOM
  33. 2026-07-01
    days on market $800,000 Active 56 DOM
  34. 2026-06-30
    days on market $800,000 Active 55 DOM
  35. 2026-06-29
    days on market $800,000 Active 54 DOM
  36. 2026-06-28
    days on market $800,000 Active 53 DOM
  37. 2026-06-27
    days on market $800,000 Active 52 DOM
  38. 2026-06-26
    days on market $800,000 Active 51 DOM
  39. 2026-06-24
    days on market $800,000 Active 49 DOM
  40. 2026-06-22
    days on market $800,000 Active 47 DOM
  41. 2026-06-21
    days on market $800,000 Active 46 DOM
  42. 2026-06-18
    days on market $800,000 Active 43 DOM
  43. 2026-06-17
    days on market $800,000 Active 42 DOM
  44. 2026-06-16
    days on market $800,000 Active 41 DOM
  45. 2026-06-15
    days on market $800,000 Active 40 DOM
  46. 2026-06-13
    days on market $800,000 Active 38 DOM
  47. 2026-06-09
    days on market $800,000 Active 34 DOM
  48. 2026-06-08
    days on market $800,000 Active 33 DOM
  49. 2026-06-07
    statusdays on market $800,000 Active 32 DOM
  50. 2026-06-04
    days on market $800,000 Active Under Contract 29 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$136,392
− Mortgage interest
−$43,412
− Property taxes
−$11,625
− Insurance
−$3,875
− Repairs & maintenance
−$10,911
− Management
−$10,911
− Depreciation
−$22,545
Taxable income
$33,112
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$7,947
After-tax cash flow
$35,533/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $156,700–$282,060 screening

This multi-family property requires significant repairs and maintenance, but presents a rare opportunity for investors in a high-demand area. Upgrades to the exterior, roof, and HVAC system would significantly increase its value.

Repairs flagged

  • Major exterior siding — Significant wear and tear
  • Major roof — Aged and possibly leaking
  • Major flooring — Concrete floors need resurfacing
  • Major interior walls/paint — Paint needs repainting

Value-add opportunities

  • Both exterior painting — Enhances curb appeal and property value
  • Both roof replacement — Fixes major issue and extends property lifespan
  • Both floor resurfacing — Improves living conditions and property value
  • Both HVAC system upgrade — Improves comfort and energy efficiency

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 20/100

Zoned Schools

Elementary Manhattan Place Elementary High George Washington Preparatory High F CA #987/1,170 Nat'l #14,291/17,239

Schools (NCES district)

District
Los Angeles Unified
NCES district ID
0622710
Math proficiency
29% ▼ -4.00%
Reading proficiency
54% ▲ 10.00%
Median HH income
$50,403
Composite
35.67/100
National rank
#4875
State rank
#223 of 517 in CA
C Composite livability gradescore 68/100

Livability — Los Angeles

Score
68/100
State rank
#273
US rank
#9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Los Angeles, CA
County
Los Angeles County · 10,940,515 people
City population
3,838,149
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
50,974
Household income
$71,664
Rent vs Own
44.0% rent · 56.0% own
Severe rent burden
17% of renters

Population outlook (Los Angeles County) Hauer SSP2

Today (2025)
10,940,515 people
By 2030
11,256,481 · +2.9%
By 2040
11,729,929 · +7.2%
By 2050
11,948,407 · +9.2%
By 2075
11,818,114 · +8.0%
By 2100
10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.58)
Race & ethnicity
Black 52% Hispanic / Latino 39% Two or more races 13% White 3% Native American 1%
Hispanic origin (detail)
Mexican 21%
Common ancestry
British 2%
Foreign-born
18% · Canada
Languages at home
63% English-only · Spanish 35% German/W. Germanic 1%

Political lean MEDSL · Los Angeles

2024 margin
Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
2008→2024 swing
-7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
All cycles
2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

Civics

Price history

-40.7% since first listed
12 events — show timeline
  • 2026-06-05 Relisted CRMLS
  • 2026-05-20 Contingent CRMLS
  • 2026-05-12 Pending CRMLS
  • 2026-04-27 Listed $800,000 CRMLS
  • 2025-08-26 Listing Removed CRMLS
  • 2025-05-28 Price Changed $1,040,000 CRMLS
  • 2025-04-28 Price Changed $1,050,000 CRMLS
  • 2025-02-12 Price Changed $1,095,000 CRMLS
  • 2024-10-03 Listed $1,100,000 CRMLS
  • 2024-09-10 Listing Removed CRMLS
  • 2024-05-01 Price Changed $1,100,000 CRMLS
  • 2024-03-20 Listed $1,350,000 CRMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…