$ 1,150,000
-
$1,150,000
Price -
11
Bed -
7
Bath -
4,540
SqFt -
0.21
Acre
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About the Listing 98333 - M43739
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.
Listing Highlights for 1035 W 107th
Interior Details
- Bedrooms: 11
- Bathrooms: 7 Full
- Appliances: Gas Oven, Gas Water Heater, Range Hood
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate
- Basement:
- Other: Ceiling Fan(s)
- Water: Public
Exterior Details
- Lot Description: Back Yard,Front Yard,Near Public Transit,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6060016016
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1035 W 107th Los Angeles, CA 90044
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