1044 W 110th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$2,845,000 USD
949-306-1175
1044 W 110th St, Los Angeles, CA for Sale
$2,845,000 USD
Apartments - FOR SALE
1/8
null | 7.63% Cap Rate

1044 W 110th St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • UNIT MIX: SIX 1+1, NINE 2+1, & ONE 2+1.5 UNITS
  • ELEVEN UNITS HAVE BEEN RECENTLY RENOVATED
  • NEW EXTERIOR PAINT AND LIGHTS
  • POTENTIAL TO ADD 8 ADUs
  • LARGE PARKING AREA WITH 14 TOTAL SPACES
  • SEPERATELY METERED FOR GAS & ELECTRICITY

OVERVIEW

The unit mix consists of six 1+1, nine 2+1 and one 2+1.5 units. The investment consists of approximately 13,320 of rentable square feet and is situated on an approximately 18,010 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and eleven of the units have recently been renovated. The building amenities include a large parking area with fourteen total spaces, and the property is separately metered for both gas & electricity. The oversized lot offers an investor the opportunity to add eight additional ADUs (per county planner; buyer to verify), further enhancing the property's value. Call/email Griffin White for complete package. Offering Memorandum attached to LoopNet listing. Please note the following: (1) Do not disturb tenants. (2) Interior inspections and access to books and records will be granted upon acceptance of an offer. (3) Submit proof of funds with all offers, which must be presented on a CAR Residential Income Purchase Agreement. Broker and agent do not guarantee the accuracy of square footage, lot size, development potential, or any other information regarding the condition or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify all information and complete their own due diligence through physical inspections and consultation with appropriate professionals. Seller is a licensed real estate agent in the State of California.

FOR SALE DETAILS

PRICE

$2,845,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

16

PRICE/UNIT

$177,813

CAP RATE

7.63%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 UNITS - LA COUNTY - 8.98 GRM & 7.63%% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,012 SF

ZONING

LCR320U

APN/PARCEL ID

6076-013-017

ASK ABOUT THIS PROPERTY

Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.