1012 W 109th Place, Los Angeles, CA 90044

About this property

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income. Please note, a one-bdrm. unit will be delivered vacant upon close of escrow. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $19,700+ in gross monthly income and operate the property at a 7.72% Market CAP and 9.28 Market GRM. The property amenities include gated entry, on-site parking (open and covered) and a community laundry room.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$1,800,000

Sold January 2023 · listed $2,195,000, orig. $2,650,000, on market September 2022 · MLS #22198933 · Source: CRMLS

Listing Agent: Max Berger · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Max Berger · Compass

$1,520,000

Sold October 2017 · listed $1,545,000, orig. $1,620,000, on market May 2017 · MLS #MB17110361 · Source: CRMLS

Listing Agent: DANIEL FLORES · Listing Office: PRIME MANAGEMENT GROUP, INC. · Contact: 562-908-1415 · Bought with: Martin Muoto · Sola Realtors

$800,000

Sold December 2014 · listed $825,000, on market August 2014 · MLS #14789583 · Source: CRMLS

Listing Agent: Danielle Hoston · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: Danielle Hoston · Keller Williams Studio City

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