1114 105th Street, Los Angeles, CA 90044
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- MLS#: DW24098830 ( Commercial/Residential )
- Street Address: 1114 105th Street
- Viewed: 4
- Price: $1,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1989
- Bldg sqft: 0
- Days On Market: 236
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90044
- Provided by: JD Residential & Commercial RE
- Contact: Ramon Ramon
- DMCA Notice
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DescriptionJD Residential & Commercial Real Estate is pleased to present 1114 W. 105th St. L.A 90044 a 6 units investment property with substancial value add potential. No Rent Control Property in L.A area, 100% rented. Upon stabilizing at market rent levels, this asset can achieve a great CAP Rate! Fantastic Oportunity to own 6 renovated units on one big lot, currently; it generates $ 9,462.00 per month, yielding a CAP Rate of 5.39%. The building spans 5,288 square feet and sits on a 9,211 square foot lot. Although local ordinances pose some stabilization challenges, the property's predominantly units mix facilitates a higher turnover rate, which could expedite reaching market rent levels. (Unit's Mix) 2 (3/2), 2 (2/1) and 2 (1/1) remodeled kitchens and bathrooms, tile floors, recently installed roof, 6 gas meters, 7 electrical meters, 1 water meter, 6 brand new waterless heater tanks, 3 car garages (2 cars each), 1 assigned parking spot for each unit, many good features to list them all. Buyers and Buyer's agent to do their own due diligence before submiting an offer. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside, with the right vision you can leverage on your investment. The property is being sold AS IS conditions.
Property Location and Similar Properties
Features
Architectural Style
- Traditional
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 5288.00
Commoninterest
- None
Common Walls
- No Common Walls
Construction Materials
- Stucco
Cooling
- None
Country
- US
Days On Market
- 141
Direction Faces
- North
Electric
- Standard
Electric Expense
- 0.00
Entry Location
- Living Room
Exclusions
- All Personal Belongins
Fencing
- Privacy
- Wrought Iron
Fireplace Features
- None
Foundation Details
- Slab
Garage Rental Rate
- 150.00
Garage Spaces
- 6.00
Heating
- See Remarks
Inclusions
- Only Real Estate
Insurance Expense
- 4000.00
Laundry Features
- None
Laundry Income
- 0.00
Levels
- Two
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 86238.00
Newtaxesexpense
- 15154.00
Other Structures
- Storage
Parcel Number
- 6060017021
Parking Features
- Assigned
- Driveway - Combination
- On Site
Pest Control Expense
- 300.00
Pool Features
- None
Postalcodeplus4
- 3033
Professionalmanagementexpense
- 0.00
Property Type
- Commercial/Residential
Property Condition
- Updated/Remodeled
Roof
- Composition
Sewer
- Sewer Paid
Sourcesystemid
- CRM
Sourcesystemkey
- 414861649:CRM
Tenant Pays
- Electricity
- Gas
Totalactualrent
- 9462.00
Totalexpenses
- 25034.00
Trash Expense
- 0.00
Uncovered Spaces
- 6.00
Utilities
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
Water Sewer Expense
- 4080.00
Water Source
- Public
Year Built
- 1989
Year Built Source
- Assessor
Zoning
- LCR3