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Betty Torano

betty.torano@exprealty.com +1(619) 851-6028

$950,000

Est. payment - /mo

8,507 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26089383

HOA Y/N No

Year Built 1955

Lot Size 8,507 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 1455 W 106th Street, a 6-unit multifamily investment opportunity in unincorporated Los Angeles county (90047). Built in 1955, the property features a desirable unit mix of (1) 3 Bed/1 Bath freestanding home in the rear, (1) 2 Bed/1 Bath, and (4) 1 Bed/1 Bath units, totaling approximately 3,821 square feet on an oversized 8,506 square foot lot. The expansive lot provides ample on-site parking, a highly sought-after amenity in this parking-impacted submarket. Further, both buildings received new roofs in 2021, and the property has undergone substantial electrical upgrades in recent years, minimizing near-term capital expenditure risk. Priced at a 6.38% CAP rate and 10.01 GRM on current rents, with upside to a 9.67% market CAP rate and 7.43 market GRM, this offering presents a compelling value-add opportunity with strong day 1 income and an achievable rent upside of 33%. The property is separately metered for gas and electricity.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features On Site

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N No

View None

Accessibility Parking

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6059018025

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Joshua Barut Lyon Stahl Investment Real Estate, Inc. 562-457-8126, DRE #01971720

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Betty Torano

+1(619) 851-6028

Agent | License ID: 01922296

Agent License ID: 01922296

1455 W 106th Los Angeles, CA 90047

Betty Torano

Key Details

Location

Interior

Exterior

Building

Others

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1455 W 106th