1318 W 90th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$1,050,000 USD
310-525-3711
1318 W 90th St, Los Angeles, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/6
null | 7.88% Cap Rate

1318 W 90th St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • A well-balanced unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1.5-bath unit appealing to a broad renter base and supporting stable occupan
  • Potential for additional garage parking include or ADU opportunity. Buyer to investigate ADU potential.
  • Recent upgrades include copper plumbing, security cameras, new interior electrical sub panels, new vinyl windows, newer motorized parking gate motor.
  • Property offers ample gated and secure on-site parking, a valuable amenity in a dense Inglewood submarket that supports tenant retention.
  • All units have been recently renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
  • Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.

OVERVIEW

BRC Advisors is offering a well-located five-unit multifamily offering in South Los Angeles featuring recent renovations, a balanced unit mix, multiple ancillary income opportunities, and immediate rental upside, delivering strong in-place income and durable long-term fundamentals. 1318 W. 90th Street presents a five-unit multifamily investment opportunity in South Los Angeles with immediate upside. The property features a balanced unit mix of four (4) one-bedroom / one-bath units and one (1) two-bedroom / one-bath plus den unit. The two-bedroom unit is currently vacant and in rent-ready condition. Upon full lease up, the property is projected to deliver strong and consistent cash flow with a stabilized 9.24 GRM and a 7.88% CAP Rate. The property offers additional value-add potential through vacant garages, which may be utilized for additional parking income or repositioned for future ADU conversion, subject to buyer verification and local regulations, providing a path to incremental income growth beyond traditional rent increases. Situated on a quiet residential street with convenient access to major employment centers, transit corridors, and regional freeways, the property benefits from steady tenant demand and strong occupancy fundamentals. South Los Angeles continues to attract investor interest due to its relative affordability and proximity to Downtown Los Angeles, Inglewood, and LAX. The unit mix supports both income stability and long-term durability, as one-bedroom units typically experience lower vacancy, while the larger two-bedroom plus den unit appeals to families and long-term renters. All units have been recently renovated, creating a largely turnkey investment profile and minimizing near-term capital expenditure requirements. 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

$1,050,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

7.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 UNITS COUNTY OF LA - 7.98% CAP & 9.24 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

LCR320U*

APN/PARCEL ID

6047-013-006

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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