1212 107th Street, Los Angeles, CA 90044
  • MLS#: PW25165254 ( Apartment )
  • Street Address: 1212 107th Street
  • Viewed: 4
  • Price: $4,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 89
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90044
  • Provided by: Younglewin Advisors, Inc.
  • Contact: Shane Shane
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 15339.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 46
Electric Expense
  1. 0.00
Entry Location
  1. 107th
Fuel Expense
  1. 0.00
Garage Spaces
  1. 22.00
Gardner Expense
  1. 1175.00
Insurance Expense
  1. 17640.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Value In Land
  2. Yard
Netoperatingincome
  1. 334659.00
Newtaxesexpense
  1. 67176.00
Number Of Separate Electric Meters
  1. 23
Number Of Separate Gas Meters
  1. 23
Otherexpense
  1. 23290.00
Otherexpensedescription
  1. Utility
Parcel Number
  1. 6076002020
Parking Features
  1. Carport
Pest Control Expense
  1. 1050.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 25028.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 443599866:CRM
Totalexpenses
  1. 171906.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 15017
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. LCR320U*