1455 W 106th St, Los Angeles, CA 90047

1455 W 106th St, Los Angeles, CA 90047

Los Angeles, CA

Property Description

We are pleased to present this six unit apartment located in the County of Los Angeles. The well maintained property built in 1955 sits on a 8,504 Sq Ft Lot and consists of (1) 3 Bed / 1 Bath, (1) 2 Bed/ 1 Bath, and (4) 1 Bed / 1 Bath. There is a laundry room on site that brings in an additional $500 a month. Each unit has its own wall heater with the exception of the house in the back. All units have tile flooring for the kitchen and restroom. The rest of the floor space (dining room, living room & bedrooms) have wood laminate flooring. The owner is currently in the process of making some electrical updates throughout the front units and house in which ultimately will have new fuse panels. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 6.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport.

Property Features

  • Sale Price: $1,150,000
  • Area Size: 3,821 Sq. Ft.
  • Land Area: 8,504 Sq. Ft.
  • Year Built: 1955
  • Listing Date: 7/01/2022
  • Units: 6
  • Current GRM: 13.69
  • Current Cap Rate: 4.55%
  • Price Per Unit: $191,667
  • Market GRM: 9.49
  • Market Cap Rate: 7.63%
  • Current NOI: $52,377

Lyon Stahl Investment Real Estate

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