1035 W 107th, Los Angeles, CA, 90044

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$1,150,000
53 Days On Site

1035 W 107th
Los Angeles, CA 90044

For Sale|Apartment|Active
0
Beds
0
Total Baths
4,540
SqFt
$253
/SqFt
1904
Built
County:
Los Angeles
Listed by CYNTHIA RODRIGUEZ of CITY LIGHTS REALTY BROKERCYNTHIARODRIGUEZ@GMAIL.COM
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1035 W 107th1035 W 107th1035 W 107th1035 W 107th
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NEW PRICE – $1,150,000! Excellent opportunity to acquire a unique 5-unit investment property at 1033–1035 W 107th Street in Los Angeles. The property consists of two separate buildings, including a detached and completely renovated 2-bedroom, 1-bath single-family residence with its own private entrance, front yard and 3-car parking, plus a separate two-story 4-unit building. The four-unit building features a desirable mix of 1-, 2- and 3-bedroom units, including multiple beautifully renovated interiors. Three of the five units are currently vacant, giving a new owner the opportunity to immediately lease the units at market rents and increase property income. The two occupied units currently generate $5,000 per month, while projected stabilized rents for all five units total approximately $11,800 per month / $141,600 annually. At the current asking price and projected stabilized income, the property offers an approximately 8.33% pro forma cap rate and 8.12 GRM based on the listing broker's pro forma assumptions. Approximately 7 parking spaces provide additional convenience for tenants. Ideal opportunity for an investor seeking a multifamily asset with renovated units, flexible unit mix, immediate lease-up potential and long-term income growth. Offering Memorandum and financial information available upon request. Buyer to independently verify all information, including unit count, permits, square footage, rents, expenses and projected income.

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Listing Snapshot
Price 
$1,150,000
Days On Site 
53 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,540 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2115 Acres
Year Built 
1904
MLS® Number 
MB26180974
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $1,150,000
3 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.2115
Foundation 
Raised
Land Lease 
No
Number Of Stories 
2
Parking Spaces 
8
Property Sub Type 
Apartment
Security 
Smoke Detector(s)Window Bars
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4540
Style 
Ranch
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Gas OvenGas Water HeaterRange Hood
Cooling 
Wall/Window Unit(s)
Electric 
220 Volts in Kitchen220 Volts in Laundry
Fireplace Features 
None
Flooring 
Laminate
Heating 
Wall Furnace
Interior 
Ceiling Fan(s)
Laundry Features 
Common Area
Kitchen 
Living Room 
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Exterior Features
Fencing 
Wrought Iron
Lot Features 
Back YardFront YardNear Public TransitRectangular Lot
Pool Features 
None
Road Frontage 
Alley
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Community Features 
Curbs
MLS Area 
C34 - Los Angeles Southwest
Financing Terms Available 
Submit
Building Access 
1
Roads 
Alley Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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