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$ 1,750,000
Est. payment /mo
Active
1114 W 117th Street Los Angeles, CA 90044
5,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $341
MLS Listing ID CL26964095
HOA Y/N No
Year Built 1959
Lot Size 8,467 Sqft
Acres 0.1944
Property Sub-Type Other
Property Description
This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a professionally managed 10-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located next door and 2 doors/adjacent to two of the portfolio assets which provides a rare opportunity of large lot assemblage.
Location
State CA
County Los Angeles
Zoning LCR320U*
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 6079018030
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Listed by Jonathan Rawson • Avenue Realty Group