Los Angeles, CA 90044,1124 W 110th St
Los Angeles, CA 90044,1124 W 110th St
Los Angeles, CA 90044,1124 W 110th St
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$2,850,000
Est. payment /mo
16 Beds
13 Baths
7,329 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,329 sqft

Price per Sqft $388

MLS Listing ID 25551069

Bedrooms 16

Year Built 1953

Lot Size 0.414 Acres

Acres 0.4136

Property Sub-Type Multi-Family

Property Description

This 13-unit multifamily apartment offers an outstandinginvestment opportunity with strong cash flow and rental upside potential of approximately 15% +/-. Priced very competitively at a 6.82% Cap Rate and 9.92 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. Nearly all the units have had significant amounts of upgrades, and the property is comprised of three separate structures on a large 18,000 sf lot with parking for 16 cars (mix of garage, covered, and uncovered)! There is also possibly ADU potential (Buyer to verify). The property features a unit mix of (3) two bedroom units, (9) one bedroom units, and (1) studio; All of which are individually metered for gas and electricity. The area has traditionally been a strong rental market, and units are in high demand.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling None

Equipment None

Exterior

Parking Features Covered Parking, Garage - 3 Car, Uncovered

Garage Spaces 16.0

Building

Story 2

Level or Stories One, Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Keller Williams Realty
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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