Price Reduced Listing
1035 W 107th,Los Angeles, CA 90044
Los Angeles, CA 90044
Description
JUST LISTED! Exceptional 5-unit multifamily investment opportunity in Los Angeles, offered at $1,299,000. The property consists of two separate buildings featuring a completely renovated detached 2-bedroom, 1-bath single-family residence and a separate 4-unit apartment building. The detached residence is currently vacant and offers a private entrance, front yard, and 3-car parking. The 4-unit building features a 2-bedroom/1-bath unit currently leased at $2,100/month, a newly remodeled 3-bedroom/2-bath unit currently vacant, a newly renovated 1-bedroom/1-bath unit currently vacant, and a 3-bedroom/2-bath unit currently leased at $2,900/month. Three of the five units are currently vacant, providing an investor with immediate lease-up and income-growth potential. The property offers a desirable mix of 1-, 2-, and 3-bedroom units, renovated interiors, and approximately 7 parking spaces. Owner currently pays water and trash, while tenants generally pay their own gas and electricity. One occupied unit participates in the Section 8 program. Offered at $1,299,000, this property presents an excellent opportunity for an investor seeking a value-add multifamily asset with substantial upside through stabilization and lease-up.
Details
| MLS # | MB26180974 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1904 |
| Days On Site | 24 |
| Listing Provided By | CITY LIGHTS REALTY | CYNTHIA RODRIGUEZ |
Features
| SQ Feet | 4,540 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 2 |
| Acreage | 0.21 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Gas Oven, Gas Water Heater, Range Hood |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Security Features | Smoke Detectors, Window Bars |
| Foundation Details | Raised |
| Lot Features | Back Yard, Front Yard, Near Public Transit, Rectangular Lot |
| Fencing | Wrought Iron |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Volts220In Kitchen, Volts220In Laundry |
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90044) | |
Price: $1,199,000 low | high Med: $749,800 sqft: 4,540 low | high Med: 3,509 $ / sqft: $264 low | high Med: $214 On site: 24 low | high Med: 14 | |
Market Activity 90044
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90044) | |
Price: $1,199,000 low | high Med: $749,800 sqft: 4,540 low | high Med: 3,509 $ / sqft: $264 low | high Med: $214 On site: 24 low | high Med: 14 | |
 | $6,950,00010601 S VermontLos Angeles, CA 90044 |