$1,400,000
$1,495,000 6.4%
Est. payment /mo
4 Beds
2,444 SqFt
UPDATED:
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 2,444 sqft
Price per Sqft $572
MLS Listing ID CL26829823
Sold Date 08/14/26
Bedrooms 4
HOA Y/N No
Year Built 1943
Lot Size 6,005 Sqft
Acres 0.14
Property Sub-Type OTHER
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
Zoning LAR2
Interior
Heating Floor Furnace
Fireplace No
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 4107019004
Read Less Info
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Messiah • Lyon Stahl Investment Real Estate, Inc.
Bought with MichaelHillman
Bought with MichaelHillman
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
