1246 W 96th St, Los Angeles, CA 90044

1246 W 96th St, Los Angeles, CA 90044

Los Angeles, CA

Property Description

Cash Cow! Perfect for an Owner User. 6.78% Cap Rate and 10.91 GRM! Can deliver 1 or 2 units vacant at the close of escrow upon buyer’s choice. Beautifully remodeled triplex located at 1246 W 96th St, Los Angeles! This gem is comprised of a 4Bed+2Bath House and two 2Bed+1Bath duplex in the back. Both 2Bed+1Bath units are currently vacant and are rent/owner-user ready. Once the property is fully occupied, it will operate at a 6.78% CAP and 10.91 GRM – this is the best cash-flow deal on the market! 1246 W 96th St features stunning remodels, including new floors, cabinets, countertops, bathrooms, appliances, etc. There is also copper plumbing and central AC throughout both buildings, as well as a new roof and washer/dryer hookups on the 4Bed house. All interior work has been done for the new owner making this an extremely low maintenance property ! Plenty of parking throughout – 2 parking spots for each 2Bed units and 6 spots for the 4Bed House. With one of the high CAP rate and lowest GRM on the market, this is the perfect investment for any buyer looking for high cash-flow and low maintenance or a move-in-ready property where your tenants pay your mortgage.

Property Features

  • Sale Price: $1,040,000
  • Area Size: 2,808 Sq. Ft.
  • Land Area: 7,154 Sq. Ft.
  • Year Built: 1957
  • Listing Date: 9/28/2023
  • Closing Date: 1/8/2024
  • Units: 3
  • Current GRM: 10.91
  • Current Cap Rate: 6.78%
  • Price Per Unit: $366,667
  • Market GRM: 10.91
  • Market Cap Rate: 6.78%
  • Current NOI: $74,560

Lyon Stahl Investment Real Estate

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