1124 W 117th St, Los Angeles, CA 90044
- $1,750,000
- 10
- BD
- 10
- BA
- 5,200
- SqFt
- List Price
- $1,750,000
- MLS#
- 26964635
- Year Built
- 1958
- Bedrooms
- 10
- Bathrooms
- 10
- Living Sq. Ft
- 5,200
- Lot Size
- 8,779
- Days on Market
- 9
- Property Type
- Multifamily
- Stories
- 2
Property Description
This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a professionally managed 10-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located next door and 2 doors/adjacent to two of the portfolio assets which provides a rare opportunity of large lot assemblage.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Ceiling Fan
- Number of Cars in Garage
- Assigned
Mortgage Calculator
Courtesy of Avenue Realty Group, Jonathan Rawson - CA DRE#02010400
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