1035 W 107th Street, Los Angeles, CA 90044

Description

We are pleased to offer this five unit investment opportunity, located in the County of Los Angeles. 1035 W. 107th Street is a five-unit multifamily investment property located in Los Angeles, California 90044. The property offers an attractive unit mix consisting of one one-bedroom, one-bathroom unit, one two-bedroom, one-bathroom unit, one two-bedroom, one-bathroom single family residence, and two three-bedroom, two-bathroom units. The improvements total approximately 4,540 rentable square feet and are situated on an approximately 9,209-square-foot parcel. The property consists of two structures, including a four-unit building constructed in 1954 and a single-family residence constructed in 1904. Additional amenities include secured entry with a wrought iron gate and seven on-site parking spaces. Offered at $1,099,000, the property represents an attractive multifamily investment opportunity with a stabilized 7.52 gross rent multiplier and a 9.02% capitalization rate. Recent property upgrades include laminate flooring, updated plumbing and electrical, updated windows throughout, modern light fixtures, kitchen cabinets with quartz countertops, updated bathroom vanities, and bathtubs with tiled wall enclosures. Each unit is equipped with its own water heater. The property is separately metered for gas and electricity, with the exception of Units 3A and 3C, which share gas and electric meters. With its attractive pricing, substantial lot size, recent capital improvements, and on-site parking, 1035 W. 107th Street offers investors a renovated, well-positioned asset with strong cash flow potential at full occupancy.