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Fadi Matti

fadi@mattirealtygroup.com +1(619) 212-9752

$ 1,150,000

Est. payment | -/mo

9,212 Sqft Lot

Save

$ 1,150,000

Est. payment | -/mo

Save

9,212 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB26180974

HOA Y/N No

Year Built 1904

Lot Size 9,212 Sqft

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Water Heater, Range Hood

Laundry Common Area

Exterior

Fence Wrought Iron

Pool None

Community Features Curbs

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Front Yard, Near Public Transit, Rectangular Lot

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Ranch

New Construction No

Others

Senior Community No

Tax ID 6060016016

Security Features Smoke Detector(s),Window Bars

Energy Description 650.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by CYNTHIA RODRIGUEZ CITY LIGHTS REALTY 562-318-6965, DRE #01328324

Schools and Properties Nearby

1035 W 107th Los Angeles, CA 90044