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$ 1,400,000
Est. payment | /mo
9 Beds
7 Baths
3,098 SqFt
$ 1,400,000
Est. payment | /mo
9 Beds
7 Baths
3,098 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,098 sqft
Price per Sqft $451
MLS Listing ID 25506927
Bedrooms 9
HOA Y/N No
Year Built 1934
Lot Size 9,029 Sqft
Property Description
This exceptional investment opportunity offers an impressive 8.42% cap rate on fully rented current income, making it a turnkey, high-yield asset in one of Los Angeles' most dynamic rental markets. Located at 432 W. 107th St., Los Angeles, this professionally managed and well-maintained property features seven recently renovated units, including two 2-bed/1-bath and five 1-bed/1-bath apartments, all individually metered for gas and electricity allowing tenants to cover their own utilities. Situated on a secure, gated 9,110 sq. ft. lot, the property includes outdoor common areas for tenants to enjoy. Recent upgrades include new exterior paint, enhanced lighting, and other property-wide improvements, ensuring a modern and attractive living space. Conveniently positioned near major employment hubs, this property provides tenants with easy access to Los Angeles International Airport (LAX), Downtown LA, the West Side, and the South Bay, making it an attractive option for working professionals. Additionally, it's close to some of LA's top attractions, including SoFi Stadium, USC, BMO Stadium, LA Memorial Coliseum, Exposition Park, the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the Kia Forum all within a short commute. Residents also benefit from excellent transportation options, with quick access to major freeways such as the I-110, I-5, and I-405 and public transit options just minutes away, providing seamless connectivity throughout Greater Los Angeles and the South Bay. This property offers strong cash flow, modernized units, and an unbeatable location, making it a prime addition to any savvy investor's portfolio. Can be sold as a package with 731 E. Jefferson Blvd. (Also 7 units offered at a high CAP Rate).
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR2
Interior
Cooling None
Fireplace No
Appliance Disposal, Gas Oven, Refrigerator
Exterior
Parking Features On Street
Pool None
Community Features Gated
Private Pool No
Building
Story 2
Entry Level One
Foundation Raised
Sewer Other
Architectural Style Contemporary
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6061033009
Security Features Gated Community
Special Listing Condition Standard
Listed by Danny Mahelka • Coldwell Banker Realty