CA > Los Angeles
Los Angeles, CA 90044,1212 W 107th ST
Los Angeles, CA 90044,1212 W 107th ST
Los Angeles, CA 90044,1212 W 107th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,745,000
Est. payment /mo
0.44 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25165254

HOA Y/N No

Year Built 1962

Lot Size 0.439 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present 22 units located in the heart of Los Angeles. Priced to sell at 9.51 GRM, and 10.32% Cash on Cash Return!
This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow.
The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum.
Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Garage Spaces 22.0

Garage Description 22.0

Pool None

Community Features Biking, Curbs, Street Lights, Suburban

Total Parking Spaces 22

Private Pool No

Building

Lot Description Value In Land, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6076002020

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Shane Young Younglewin Advisors, Inc. 562-556-1118

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