1455 W 106th, Los Angeles, CA 90047
List Price: $950K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 8,506 sq ft
Private Pool: Yes
MLS Number: SB26089383
About This Property
We are pleased to present 1455 W 106th Street, a 6-unit multifamily investment opportunity in the unincorporated Los Angeles submarket (90047). Built in 1955, the property features a desirable unit mix of (1) 3 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (4) 1 Bed / 1 Bath units, totaling approximately 3,821 square feet on an oversized 8,506 square foot lot. The expansive lot provides ample on-site parking, a highly sought-after amenity in this parking-constrained submarket. Tenants pay for gas and electricity, and the property benefits from on-site laundry generating additional income. Offered at a 6.38% CAP rate and 9.91 GRM on current rents, with upside to an 8.75% market CAP rate and 7.95 market GRM, the property presents a compelling value-add opportunity with strong in-place cash flow and significant rental upside. Additionally, the property has undergone significant electrical upgrades in recent years, helping reduce near-term capital expenditure risk.
Listing provided by: Joshua Barut DRE #01971720 310-425-9838 joshbarutbroker@gmail.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26089383
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.