1114 105th Street, Los Angeles

$1,500,000

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12

Beds

8

Baths

0.21

Acres

Listing Agent
Ramon Pereira - JD Residential & Commercial RE

About 1114 105th Street

JD Residential & Commercial Real Estate is pleased to present 1114 W. 105th St. L.A 90044 a 6 units investment property with substancial value-add potential. No Rent Control Property in L.A area, 100% rented. Upon stabilizing at market rent levels, this asset can achieve a great CAP Rate! Fantastic Oportunity to own 6 renovated units on one big lot, currently; it generates $ 9,462.00 per month, yielding a CAP Rate of 5.39%. The building spans 5,288 square feet and sits on a 9,211-square-foot lot. Although local ordinances pose some stabilization challenges, the property's predominantly units mix facilitates a higher turnover rate, which could expedite reaching market rent levels. (Unit's Mix) 2 (3/2), 2 (2/1) and 2 (1/1) remodeled kitchens and bathrooms, tile floors, recently installed roof, 6 gas meters, 7 electrical meters, 1 water meter, 6 brand new waterless heater tanks, 3 car garages (2 cars each), 1 assigned parking spot for each unit, many good features to list them all. Buyers and Buyer's agent to do their own due diligence before submiting an offer. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside, with the right vision you can leverage on your investment. The property is being sold AS-IS conditions.

Features of 1114 105th Street

MLS® # DW24098830
Price $1,500,000
Bedrooms 12
Bathrooms 8.00
Acres 0.21
Year Built 1989
Type Residential Income
Sub-Type Mixed Use
Style Traditional
Status Active

Community Information

Address 1114 105th Street
Area 699 - Not Defined
City Los Angeles
County Los Angeles
Zip Code 90044

Amenities

Utilities Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 12
Parking Assigned, Driveway, On Site
# of Garages 6
Garages Assigned, Driveway, On Site
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Features All Bedrooms Up, All Bedrooms Down
Heating See Remarks
Cooling None
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Exterior Stucco
Exterior Features Lighting
Lot Description 0-1 Unit/Acre
Roof Composition
Construction Stucco
Foundation Slab

Additional Information

Date Listed May 17th, 2024
Days on Market 56
Zoning LCR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRamon Pereira
OfficeJD Residential & Commercial RE

Listing Map

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