Alta Realty Group Ca, Inc
Tom Fecske, Alta Realty Group Ca, IncPhone: (213) 219-9098
Email: tom.altarealty@gmail.com
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listing
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Residential IncomeFor Sale
$1,500,000
1114 W 105th Street
Los Angeles, CA 90044
Listed by Ramon Pereira DRE#01496829 rp_broker@yahoo.com JD Residential & Commercial Re
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$7,843/mo

JD Residential & Commercial Real Estate is pleased to present 1114 W. 105th St. L.A 90044 a 6 units investment property with substancial value-add potential. No Rent Control Property in L.A area, 100% rented. Upon stabilizing at market rent levels, this asset can achieve a great CAP Rate! Fantastic Oportunity to own 6 renovated units on one big lot, currently; it generates $ 9,462.00 per month, yielding a CAP Rate of 5.39%. The building spans 5,288 square feet and sits on a 9,211-square-foot lot. Although local ordinances pose some stabilization challenges, the property's predominantly units mix facilitates a higher turnover rate, which could expedite reaching market rent levels. (Unit's Mix) 2 (3/2), 2 (2/1) and 2 (1/1) remodeled kitchens and bathrooms, tile floors, recently installed roof, 6 gas meters, 7 electrical meters, 1 water meter, 6 brand new waterless heater tanks, 3 car garages (2 cars each), 1 assigned parking spot for each unit, many good features to list them all. Buyers and Buyer's agent to do their own due diligence before submiting an offer. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside, with the right vision you can leverage on your investment. The property is being sold AS-IS conditions.

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Information courtesy of JD Residential & Commercial Re is subject to verification and is not guaranteed.
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