1343 W 96th St, Los Angeles, CA 90044

1343 W 96th St, Los Angeles, CA 90044

Los Angeles, CA

Property Description


  • 6 unit Value-Add asset priced at only $216k/unit
  • (3) Section 8 tenants offering guaranteed income
  • Room to grow rents by $3,168/month
  • Unit mix of (4) 2Bed+1Bath & (2) 1Bed+1Bath units
  • Currently operating at a 4.50% CAP and 14.17 GRM
  • Once fully stabilized, property will operate at 7.13% CAP and 10.23 GRM


Long term owner looking to cash-out. All tenants paying and no covid delinquencies. The six unit building is just minutes from billions of dollars in new developments, including Hollywood Park, SoFi Stadium, Clippers Arena, Hawthorne Mall, Amazon Ring and SpaceX. This is the ideal pickup for any investor looking for immediate cash-flow with room to grow the income significantly. The property has an ideal unit mix of (4) 2-Bd/1-Ba and (2) 1-Bd/1-Ba units. With over 30% upside on rents and over half the building section 8 tenants, this property is prime value-add opportunity for any savvy investor to turn into a cash-cow. Added bonus; this property has had a complete overhaul of it’s electrical systems, windows, doors and insulation in 2013 for the FAA fly over program. Each unit has it’s own HVAC system and once renovated will
gather top of the market rents.

Property Features

  • Sale Price: $1,300,000
  • Area Size: 4,104 Sq. Ft.
  • Land Area: 6,504 Sq. Ft.
  • Year Built: 1963
  • Listing Date: 7/26/2022
  • Units: 6
  • Current GRM: 14.17
  • Current Cap Rate: 4.50%
  • Price Per Unit: $216,667
  • Market GRM: 10.23
  • Market Cap Rate: 7.13%
  • Current NOI: $58,437