$1,725,000
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1016 W 110th St Los Angeles, CA 90044
4 Beds
13 Baths
4,358 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,358 sqft
Price per Sqft $372
MLS Listing ID 24-402825
Bedrooms 4
Year Built 1950
Lot Size 0.413 Acres
Property Description
1016 W. 110th Street is an 11-unit apartment community located in unincorporated Los Angeles. The opportunity consists of three (3) separate structures on an extremely large 18,003 square foot lot. Each unit is separately metered for gas and electricity and has its own parking space. Unit composition includes ten (10) studio units and a 4-bedroom/3-bathroom house with a pool and front yard. The rents are close to market; however, there is still approximately 9% rental upside that can be achieved as the units turnover. Tenants have easy access to the 105 & 110 Freeway which connects the subject property to Downtown Los Angeles and the beaches. Lastly, as the new construction pipeline continues to grow in South Los Angeles, the ability for a new owner to get higher rents will increase over time as projects such as the 84-unit apartment next door is set to be completed by 2025.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LCR320U*
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Garage Covered Parking
Garage Spaces 16.0
Building
Story 1
Others
Special Listing Condition Standard
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Bought with Keller Williams Realty