Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

3,337 sqft

Lot size

9,232 sqft

Year built

1910

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

10

MLS #

247361054

About this property

A fully occupied 5-unit compound delivering exceptionally high day-one cash flow at an 8.96% CAP rate and 8.26 GRM, in good condition and a recent full roof replacement across all three structures, including complete tear-off and replacement of the wood decking; not simply a new layer over the old. This is a true turnkey, low-touch investment that is exceedingly rare at this performance level in the Los Angeles market. The property features a massive remodeled single-family home in front and two fully remodeled detached duplexes in the rear, all on an oversized 0.2-acre lot. Every unit has been remodeled and leased at near-market rents with landlord-friendly terms, and RUBS-ready so tenants can pay all utilities including water and trash if the new owner chooses. Additional rental upside remains ahead. Situated in unincorporated Los Angeles County, the property is not subject to Los Angeles City RSO or LAHD inspections, and benefits from DWP-free utility billing. Located directly across from a highly rated elementary school in a stable, established pocket.

Location

1043 W 95th Street

Los Angeles, Los Angeles, CA, 90044