$950,000
We are pleased to present 1455 W 106th Street, a 6-unit multifamily investment opportunity in the unincorporated Los Angeles submarket (90047). Built in 1955, the property features a desirable unit mix of (1) 3 Bed/1 Bath freestanding home, (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. Tenants pay for gas and electricity, and the property benefits from on-site laundry generating additional income. Offered at a 6.52% CAP rate and 9.87 GRM on current rents, with upside to an 9.63% market CAP rate and 7.46 market GRM, the property presents a compelling value-add opportunity with strong day 1 income and an achievable rent upside of 33%. Additionally, the property has undergone significant electrical upgrades in recent years, helping reduce near-term capital expenditure risk.
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Listed by Joshua Barut with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Apartment
Status
Active
MLS Number
SB26089383
Year Built
1955
Lot Size
8,507 sq ft