1035 W 107th, Los Angeles, CA 90044
- $1,150,000
- List Price
- $1,150,000
- Price Change
- ▼ $49,000 1790047302
- Status
- ACTIVE
- MLS#
- MB26180974
- Year Built
- 1904
- Lot Size
- 9,211
- Acres
- 0.21
- Lot Location
- Back Yard, Front Yard, Near Public Transit, Rectangular Lot
- Days on Market
- 35
- Property Type
- Multifamily
- Style
- Ranch
- Property Sub Type
- Apartment
Property Description
NEW PRICE – $1,150,000! Excellent opportunity to acquire a unique 5-unit investment property at 1033–1035 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.
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Additional Information
- Appliances
- Gas Oven, Gas Water Heater, Range Hood
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $60,000
- Operating Expense
- 38668
Listing courtesy of Listing Agent: CYNTHIA RODRIGUEZ (BROKERCYNTHIARODRIGUEZ@GMAIL.COM) from Listing Office: CITY LIGHTS REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.