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$1,500,000

Beds
Unknown
sq ft
5,288

1114 W 105th St, Los Angeles, CA 90044

1114 W 105th St

Los Angeles, CA 90044

  • 127 days on market
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.

Details

Property type

Mixed Use

Property condition

Updated/Remodeled

Lot size

9,213 sq ft

Price per sq ft

$284

Year built

1989

Price History

08/09/2024
CRMLS

CRMLS #DW24098830

Price change
$1,500,000
+0.07%
08/02/2024
CRMLS

CRMLS #DW24098830

Price change
$1,499,000
-0.07%
06/27/2024
CRMLS

CRMLS #DW24098830

Price change
$1,500,000
-6.25%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

June 2021

Original loan amount

$765,000

Est. remaining balance

Not provided

Interest rate

3.04%

Loan type

Commercial

Seller

Victor Manuel Flores

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:50 PM

Listing updated: 09/17/2024 at 9:31 PM

Listed by: Ramon Pereira, JD Residential & Commercial RE Phone #: (562) 756-4805

MLS: CRMLS #DW24098830

CRMLS logo

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