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Listed by CYNTHIA RODRIGUEZ, DRE #01328324 • CITY LIGHTS REALTY
$ 1,150,000
Est. payment /mo
Price Dropped by $49K
1035 W 107th Los Angeles, CA 90044
9,211 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRMB26180974
Style Ranch
Year Built 1904
Lot Size 9,211 Sqft
Source California Regional MLS
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 inf
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Rooms
Kitchen Hood Over Range, Other, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Shingle
Building
Foundation Raised
Water District - Public
Architectural Style Ranch
Others
Tax ID 6060016016
Special Listing Condition Not Applicable
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