Los Angeles, CA 90044,1212 W 107th Street
Los Angeles, CA 90044,1212 W 107th Street
Los Angeles, CA 90044,1212 W 107th Street
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Listed by Shane Young • Younglewin Advisors, Inc.
$4,745,000
Est. payment /mo
15,339 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,339 sqft

Price per Sqft $309

MLS Listing ID CRPW25165254

HOA Y/N No

Year Built 1962

Lot Size 0.439 Acres

Property Sub-Type Other

Source Datashare California Regional

Property Description

We are pleased to present 22 units located in the heart of Los Angeles. Priced to sell at 9.51 GRM, and 10.32% Cash on Cash Return! This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow. The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum. Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Other


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Bay East AOR and Contra Costa AOR
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1212 W 107th Street