1320 W 97th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$1,675,000 USD
310-525-3711
1320 W 97th St, Los Angeles, CA for Sale
$1,675,000 USD
Apartments - FOR SALE
1/23
null | 7.53% Cap Rate

1320 W 97th St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Well-balanced unit mix of four 1-bedroom/1-bath units and four 2-bedroom/1-bath units, and appealing to a broad renter base and supporting stable occu
  • Six out of the eight units have been renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
  • Recent upgrades include newer exterior paint, updated lighting, and new building and unit identification, and security cameras enhancing curb appeal a
  • The property offers on-site ample secure gated parking, a valuable amenity in a dense Los Angeles submarket that supports tenant retention.
  • Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
  • The asset is located within a strong rental demand market, supported by a dense residential population and long-term housing fundamentals.

OVERVIEW

BRC Advisors is offering a 1963-constructed eight-unit multifamily asset located in a dense South Los Angeles as the property is located in unincorporated Los Angeles County. 1320 W. 97th Street presents a well-located eight-unit multifamily investment offering scale, strong unit mix, and durable rental demand in Los Angeles. Constructed in 1963, the property consists of four (4) spacious one-bedroom/one-bath units and four (4) two-bedroom/one-bath units, totaling approximately 6,332 rentable square feet on a 6,503-square-foot lot. The balanced unit mix appeals to a broad tenant base and supports stable occupancy and diversified income. The property is located in unincorporated Los Angeles County, which can offer a more favorable regulatory environment compared to certain city-controlled assets. Tenants benefit from ample on-site gated and secure parking and gated access to the property, features that enhance safety, tenant retention, and overall marketability. The surrounding area supports consistent rental demand due to proximity to employment centers, transportation corridors, and neighborhood amenities. This asset is well-suited for investors seeking steady cash flow with value-add upside, whether through interior upgrades, operational efficiencies, or future rent growth as units turn. The property’s size, layout, and location make it an attractive long-term hold in a supply-constrained Los Angeles rental market. 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

$1,675,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

8

PRICE/UNIT

$209,375

CAP RATE

7.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 UNITS - LA COUNTY - 7.52% CAP & 9.21 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,504 SF

ZONING

R320U, Los Angeles

APN/PARCEL ID

6056-016-017

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.