1124 W 110th Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,329 sqft
Price per Sqft $388
MLS Listing ID CL25551069
HOA Y/N No
Year Built 1953
Lot Size 0.414 Acres
Acres 0.41
Property Sub-Type Other
Property Description
This 13-unit multifamily apartment offers an outstandinginvestment opportunity with strong cash flow and rental upside potential of approximately 15% +/-. Priced very competitively at a 6.82% Cap Rate and 9.92 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. Nearly all the units have had significant amounts of upgrades, and the property is comprised of three separate structures on a large 18,000 sf lot with parking for 16 cars (mix of garage, covered, and uncovered)! There is also possibly ADU potential (Buyer to verify). The property features a unit mix of (3) two bedroom units, (9) one bedroom units, and (1) studio; All of which are individually metered for gas and electricity. The area has traditionally been a strong rental market, and units are in high demand.
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6076014008