$1,800,000
$2,195,000
18.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
12 Baths
3,616 SqFt
SOLD DATE : 01/20/2023
Key Details
Sold Price $1,800,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $497
MLS Listing ID 22198933
Sold Date 01/20/23
Bedrooms 7
HOA Y/N No
Year Built 1954
Property Description
*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income. Please note, a one-bdrm. unit will be delivered vacant upon close of escrow. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $19,700+ in gross monthly income and operate the property at a 7.72% Market CAP and 9.28 Market GRM. The property amenities include gated entry, on-site parking (open and covered) and a community laundry room.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Side By Side
Community Features Gated
Total Parking Spaces 11
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 6076012011
Security Features Gated Community
Special Listing Condition Standard
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Bought with Max Berger Compass
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