1220 W 109th Pl, Los Angeles, CA 90044

Property Description

We are pleased to present 1220 W 109th Place, a five unit apartment building in South Los Angeles. Located in an Unincorporated section of L.A., the property is not subject to rent control. The building offers an attractive unit mix consisting of one studio, one one-bedroom unit, two two-bedroom units, and one three-bedroom unit. There are two detached single family homes at the front of the lot with washer and dryer hookups. The rear structure includes a four car garage with a ground floor unit and two units above. Built in 1928, the improvements are situated on a 7,523 square foot lot zoned R3 with a total rentable square footage of 3,296 square feet. The units include individual water heaters and gas and electricity are separately metered. This investment presents an excellent opportunity to own a non rent control asset with solid income in place and over 25% upside in the rents.