1212 W 107th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$4,745,000 USD
562-318-0213
1212 W 107th St, Los Angeles, CA for Sale
$4,745,000 USD
Apartments - FOR SALE
1/15
null | 7.01% Cap Rate

1212 W 107th St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Day-1 Returns: 10.32% Cash on Cash, 9.51 GRM, 7.01% Cap Rate
  • 73% 2 Bedroom Units with Onsite Laundry and Parking
  • Stable Tenant Base with Proven Cash Flow
  • 13.34% Upside in Net Operating Income
  • New Windows, New Paint, New Landscape, New Secure Gates, a New Central Water Hater, and a New Solar Water Heating System

OVERVIEW

YoungLewin is pleased to present 22 units located in the heart of Los Angeles. 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.

FOR SALE DETAILS

PRICE

$4,745,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

22

PRICE/UNIT

$215,682

CAP RATE

7.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1212 W 107th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,101 SF

ZONING

R3, L.A. County

APN/PARCEL ID

6076-002-020

ASK ABOUT THIS PROPERTY

Shane YoungYoung Lewin AdvisorsMore Info
562-318-0213

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Shane YoungYoung Lewin AdvisorsMore Info
562-318-0213

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