20
See all 20 photos
$1,150,000
Est. payment /mo
8 Beds
5 Baths
9,211 Sqft Lot
Price Dropped by $49K
1035 W 107th Los Angeles, CA 90044
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB26180974
Bedrooms 8
Lot Size 9,211 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
NEW PRICE $1,150,000! Excellent opportunity to acquire a unique 5-unit investment property at 10331035 W 107th Street in Los Angeles. The property consists of two separate buildings, including a detached and completely renovated 2-bedroom, 1-bath single-family residence with its own private entrance, front yard and 3-car parking, plus a separate two-story 4-unit building. The four-unit building features a desirable mix of 1-, 2- and 3-bedroom units, including multiple beautifully renovated interiors. Three of the five units are currently vacant, giving a new owner the opportunity to immediately lease the units at market rents and increase property income. The two occupied units currently generate $5,000 per month, while projected stabilized rents for all five units total approximately $11,800 per month / $141,600 annually. At the current asking price and projected stabilized income, the property offers an approximately 8.33% pro forma cap rate and 8.12 GRM based on the listing broker's pro forma assumptions. Approximately 7 parking spaces provide additional convenience for tenants. Ideal opportunity for an investor seeking a multifamily asset with renovated units, flexible unit mix, immediate lease-up potential and long-term income growth. Offering Memorandum and financial information available upon request. Buyer to independently verify all information, including unit count, permits, square footage, rents, expenses and projected income.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Turn right onto S Vermont Ave Turn left onto W 106th St Turn left Turn right
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6060016016
Listed by CYNTHIA RODRIGUEZ, DRE#01328324 CITY LIGHTS REALTY
NEARBY SCHOOL & BUSINESS
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