1114 W 117th Street, Los Angeles, CA 90044
- $1,750,000
- 10
- BD
- 10
- BA
- 5,120
- SqFt
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 26964095
- Year Built
- 1959
- Bedrooms
- 10
- Bathrooms
- 10
- Living Sq. Ft
- 5,120
- Lot Size
- 8,467
- Acres
- 0.19
- Days on Market
- 8
- Property Type
- Multifamily
- Stories
- Two Levels
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.
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Additional Information
- Appliances
- Dishwasher, Disposal, Microwave
- Heat
- Wall Furnace
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Jonathan Rawson (jon@avenuerg.com) from Listing Office: Avenue Realty Group.
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