1124-1128 W 110th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$2,850,000 USD
310-480-2130
1124-1128 W 110th St, Los Angeles, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/16
null | 6.82% Cap Rate

1124-1128 W 110th St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Attractive Cap Rate of 6.92% and GRM of 9.92!
  • Three separate buildings on a large 18,000 sf lot.
  • Nearly all units have had significant amounts of upgrades.
  • 16 parking spaces total: A mix of garage, covered, and uncovered.

OVERVIEW

This 13-unit multifamily apartment offers an outstanding investment 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. For more information, please contact Josh Cohen at 310-480-2130 or josh@cohengroupla.com.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

13

PRICE/UNIT

$219,231

CAP RATE

6.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,010 SF

ZONING

LCR320U

APN/PARCEL ID

6076-014-008

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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