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West Athens, CA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Athens, California Market population: 9K. Compare commercial properties across all major asset classes...

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πŸ“Š Average Cap Rate For West Athens CA Properties: 6.68%

⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

πŸ“Š Avg Property Tax Rate For West Athens CA Properties: 1.2500%

⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF

Investor Questions For West Athens CA

Common questions from investors exploring commercial real estate in West Athens CA.

What's the overall investment potential of West Athens, CA, considering its demographics and economy? +
With a median household income of $38,649 and a poverty rate of 17.5%, West Athens presents a mixed bag for investors, but its diverse population, comprising 34.0% Black, 31.3% Hispanic, and 14.9% other ethnicities, along with a strong employment base in information, public administration, and transportation, suggests a stable market. The 29.9-minute average commute time and 85.2% health insurance coverage further indicate a decent quality of life, making it an attractive location for renters. Additionally, the city's foreign-born rate of 35.6% and top industries like information and public administration contribute to its economic stability.
How does the city's housing market look, and what are the key factors influencing property values? +
The West Athens housing market, with a median property value of $334,100 and median property taxes of $1,115, seems relatively stable, considering the city's homeownership rate of 53.9% and the fact that 85.2% of the population has health insurance, which can contribute to a lower poverty rate and more stable tenant base. The top industries, including information and public administration, also play a role in shaping the local economy and, by extension, the housing market. Furthermore, the average commute time of 29.9 minutes and the diverse commute methods, such as driving alone, carpooling, and working from home, add to the city's appeal and potentially influence property values.
What role does ethnic diversity and industry mix play in determining market demand for real estate investments in West Athens? +
The ethnic diversity in West Athens, with significant Black and Hispanic populations, alongside a mix of other ethnicities, contributes to a vibrant cultural scene, which can attract businesses, residents, and investors alike. The city's industry mix, featuring information, public administration, and transportation, provides a solid foundation for employment and economic growth, further driving market demand. Moreover, the city's health insurance rate of 85.2% and average commute time of 29.9 minutes suggest a relatively high quality of life, which can also impact market demand and property values. The GINI coefficient of 0.465 indicates a moderate level of income inequality, which investors should consider when assessing the local market.
How do quality-of-life metrics, such as commute times and health insurance coverage, impact the stability of the real estate market in West Athens? +
The average commute time of 29.9 minutes in West Athens, combined with the prevalence of drove alone, carpooled, and worked at home commute methods, suggests a relatively convenient and flexible transportation situation, which can enhance the quality of life for residents and contribute to market stability. Additionally, the 85.2% health insurance coverage rate indicates a high level of access to healthcare, which, when considered alongside the poverty rate of 17.5%, suggests a relatively stable and secure population, making the city more attractive to real estate investors. The median age of 33.5 and the employed population of 3,581 also contribute to the city's economic stability and potential for growth.
What are the implications of the city's poverty rate, health insurance coverage, and industry mix for real estate investors looking to assess tenant quality and market demand? +
The 17.5% poverty rate in West Athens, although a concern, is somewhat mitigated by the 85.2% health insurance coverage, which suggests that many residents have access to employment and healthcare benefits, potentially leading to a more stable tenant base. The city's industry mix, featuring information, public administration, and transportation, provides a foundation for employment opportunities, which can further enhance tenant quality and market demand. Moreover, the foreign-born rate of 35.6% and the top ethnicities, including Black and Hispanic populations, contribute to the city's cultural diversity and potential for economic growth, making it an attractive location for investors looking to capitalize on a diverse and vibrant community. The median household income of $38,649 and the GINI coefficient of 0.465 also provide valuable insights into the local economy and potential for investment returns.

West Athens CA Real Estate & City Facts

Key facts and real estate information about West Athens CA.

What are some of the best neighborhoods to live in West Athens? +
Some of the best neighborhoods to live in West Athens, CA, include West Athens-Hawthorne and Athens. These neighborhoods offer a mix of suburban and urban living, with access to local parks and community amenities.
What are some fun things to do in West Athens? +
There are plenty of fun things to do in West Athens, CA, including visiting the Natural History Museum of Los Angeles County, Crypto.com Arena, and Universal Studios Hollywood. You can also explore the local parks and outdoor spaces, such as Elysian Park Arboretum.
What is the food scene like in West Athens? +
The food scene in West Athens, CA, is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular restaurants in the area include Loaded Cafe, Eureka!, Oh My Burger, El Cielo, Mr Potatoes, Steven's Burgers, Snack Shack, and Red Lobster. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in West Athens? +
Living in West Athens, CA, has its pros and cons. On the plus side, the area has a diverse community spirit, local parks, and access to attractions and restaurants. However, the cost of living in West Athens can be relatively high, and crime rates are a concern in some areas. Overall, it's a great place to live for those who value urban living and access to amenities.
Is West Athens a good place to live? +
Whether or not West Athens is a good place to live depends on your individual priorities and preferences. If you value diversity, urban living, and access to amenities, then West Athens might be a great fit for you. However, if you're looking for a more affordable or suburban lifestyle, you might want to consider other options. Ultimately, it's worth weighing the pros and cons and visiting the area in person to get a sense of whether it's the right place for you.

πŸ“Š Average Income For West Athens CA Commercial Property: $38,649

⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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