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$1,750,000

FOR SALE
Active

1124 W 117th Street

Los Angeles, CA

MLS# 26964635

5,200 Sq Ft10bd • 10ba
64 days on marketNalren refreshed

Listing Agent

Jonathan Rawson

Listing Agent

Avenue Realty Group

DRE #: 02010400

(310) 433-4293

Brokerage: Avenue Realty Group

Property Details

10

Bedrooms

10

Bathrooms

5,200 sqft

Square Feet

1958

Year Built

0.2 acres

Lot Size

$337

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a professionally managed 10-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located next door and 2 doors/adjacent to two of the portfolio assets which provides a rare opportunity of large lot assemblage.

Facts & Features

Interior

Appliances
Dishwasher, Disposal, Microwave
Interior Features
Ceiling Fans

Building

Year Built
1958
Living Area
5,200 sqft
Building Area Total
5,200
Levels
Two
Stories Total
2

Utilities

Heating
Wall Furnace

Parking

Parking Features
Assigned
Parking Total
6

Community / HOA

HOA
No

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CRMLS

MLS# 26964635

Listed:

Nalren refreshed:

Last updated

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Listed by: Avenue Realty Group

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.