1124 W 117th Street, Los Angeles, CA 90044
List Price: $1.75M
Listing Status: Active
0Days on Market: 0
10 Bedrooms · 10 Bathrooms · 5,200 sq ft
Property Type: ResidentialIncome
Year Built: 1958
Lot Size: 8,779 sq ft
MLS Number: 26964635
About This Property
This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a professionally managed 10-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located next door and 2 doors/adjacent to two of the portfolio assets which provides a rare opportunity of large lot assemblage.
Listing provided by: Jonathan Rawson DRE #02010400 310-433-4293 jon@avenuerg.com, Avenue Realty Group
Source: CRMLS, MLS #: 26964635
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.