Homes for sale - 1249 W 107th ST, Los Angeles, CA 90044

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JLee Broker

JLeeRealty

[email protected] +1(650) 857-1000

Listed by Gayle Goode • Branch-Hughes, Angela

$2,000,000

Est. payment - /mo

0.31 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR25038742

Year Built 1959

Lot Size 0.308 Acres

Source California Regional MLS

Property Description

Drive by only! Introducing, for the first time on market in over 20 years, the opportunity to purchase this investment opportunity consists of 8 one bedroom + one bath units and 4 two bedroom + one bath units. Ten of the units are section 8. Tenants enjoy onsite laundry and parking for each unit and a close proximity to the 110 and 105 freeways as well as the metro A and C lines. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Laundry Community Facility

Exterior

Parking Features Carport

Pool 31, None

Building

Water District - Public

Others

Tax ID 6060014024

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1249 W 107th ST Los Angeles, CA 90044

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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