1818 E 104th St, Los Angeles, CA 90002

1818 E 104th St, Los Angeles, CA 90002

Los Angeles, CA
$689,000

Property Description

Potential to deliver 1 unit tenant/owner-user ready by August 1st! 1818-1820 E 104th is an ideal investment opportunity for any buyer looking to invest in South Los Angeles. The property is comprised of (2) 3Bed/1Bath units, both of which have Section 8 tenants – guaranteed income! At one of the lowest price points for an income property, the subject property is the best way to enter the real estate market and grow your portfolio! This 1,680 square foot building is situated on a 6,250 square foot lot, zoned LAR1. This property is priced at only $372k/unit! This is one of the lowest price/units in the neighborhood.

Property Features

  • Sale Price: $689,000
  • Area Size: 1,680 Sq. Ft.
  • Land Area: 6,250 Sq. Ft.
  • Year Built: 1929
  • Listing Date: 5/02/2023
  • Closing Date: 1/17/2024
  • Units: 2
  • Current GRM: 19.62
  • Current Cap Rate: 3.00%
  • Price Per Unit: $372,500
  • Market GRM: 10.89
  • Market Cap Rate: 6.96%
  • Current NOI: $22,341