Property
Listing Agent: Jesse Dougherty (DRE #01949609) · Listing Office: Compass · Contact: 310-995-4475 · Bought with: Griffin White · BRC Advisors- BH · MLS #SB26046177 · Source: CRMLS
Great opportunity to acquire a 9-unit multifamily property featuring a consistent and highly desirable all 2-bedroom, 1-bath unit mix. The property is currently 88.9% occupied with one vacant unit, providing immediate lease-up potential. The property generates $155,162 in gross income and approximately $81,656 in NOI, representing a 6.28% cap rate at the $1,300,000 asking price. Leasing the vacant unit at a projected $1,900 per month increases potential annual income to approximately $174,468 and produces an estimated 7.07% stabilized cap rate. Conveniently located near the 110 Freeway and major transportation corridors, the property provides access to Downtown Los Angeles, Inglewood and surrounding South Los Angeles neighborhoods.
Listing description from the May 2026 sale, as reported to CRMLS.