1124 W 117th Street,Los Angeles, CA 90044
Los Angeles, CA 90044
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.
Details
| MLS # | 26964635 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 16 |
| Listing Provided By | Avenue Realty Group | Jonathan Rawson |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 5,200 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LCR320U* |
| Acreage | 0.20 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Dishwasher, Disposal, Microwave |
Parking
| Parking Features | Assigned |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $1,750,000 low | high Med: $998,000 sqft: 5,200 low | high Med: 3,603 $ / sqft: $337 low | high Med: $277 On site: 16 low | high Med: 59 | |
Market Activity 90044
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $1,750,000 low | high Med: $998,000 sqft: 5,200 low | high Med: 3,603 $ / sqft: $337 low | high Med: $277 On site: 16 low | high Med: 59 | |
 | $1,750,0001114 W 117th StreetLos Angeles, CA 90044 |