Los Angeles, CA 90044,1124 W 110th St
Los Angeles, CA 90044,1124 W 110th St
Los Angeles, CA 90044,1124 W 110th St
16
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$2,850,000
Est. payment /mo
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16 Beds
13 Baths
7,329 SqFt
New

1124 W 110th St Los Angeles, CA 90044

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,329 sqft

Price per Sqft $388

MLS Listing ID 25551069

Bedrooms 16

Year Built 1953

Lot Size 0.414 Acres

Acres 0.4136

Property Sub-Type Multi-Family

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

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling None

Equipment None

Exterior

Parking Features Covered Parking, Garage - 3 Car, Uncovered

Garage Spaces 16.0

Building

Story 2

Level or Stories One, Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Realty

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agent

Kami Rahbaran

Agent | RE.S.0190800

+1(702) 927-2797

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1124 W 110th St