1124 W 117th St, Los Angeles, CA 90044
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1124 W 117th St, Los Angeles, CA 90044
1124 W 117th St, Los Angeles, CA 90044
1124 W 117th St, Los Angeles, CA 90044
1124 W 117th St, Los Angeles, CA 90044
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1124 W 117th St Los Angeles, CA 90044

10 Beds

10 Baths

5,200 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $336

MLS Listing ID 26964635

Bedrooms 10

Year Built 1958

Lot Size 8,779 Sqft

Acres 0.2015

Property Sub-Type Multi-Family

Property Description

This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a professionally managed 10-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located next door and 2 doors/adjacent to two of the portfolio assets which provides a rare opportunity of large lot assemblage.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Ceiling Fan, Dishwasher, Microwave, Freezer, Garbage Disposal

Exterior

Parking Features Assigned

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Avenue Realty Group
Sharon Baluku
Sharon Baluku

Agent License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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1124 W 117th St