1124 W 117th Street, Los Angeles, CA 90044

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Residential Income Active

1124 W 117th Street

$1,750,000

Overview

Property ID: HZ26964635

10
Bedrooms

0
Bathroom

5200
Sq Ft

1958
Year Built

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.