1038 W. 104th St, Los Angeles, CA 90044

Property Description

Prime 8-Unit Income Property in Vermont Vista Corridor Excellent opportunity to acquire an 8-unit income property positioned in the highly accessible Vermont Vista corridor of Los Angeles. Located just minutes from the 110 Harbor Freeway, the property offers convenient access throughout South Los Angeles and beyond. The well-maintained 5,550-square-foot building sits on an approximately 8,654-square-foot lot and features an attractive unit mix of six 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Long-term, stable tenancy has supported consistently strong occupancy, making this an appealing addition to an income-focused portfolio. The property is situated in an area experiencing significant investment and redevelopment, with convenient proximity to SoFi Stadium, Intuit Dome, and the Hollywood Park entertainment district just few minutes away. This places the property near one of Los Angeles County's active redevelopment and economic growth corridors. Everyday tenant convenience is further supported by nearby schools, including Woodcrest Elementary School, approximately 0.3 miles away, and George Washington Preparatory High School, approximately 0.7 miles away. With a reported 6.8% cap rate and 10.9 GRM, this property offers a compelling combination of current income, a desirable unit mix, established tenancy, freeway accessibility, and proximity to major regional development.