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1343 W 96th Street

Los Angeles (City), CA 90044
  • $1,300,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: SB22158011
UPDATED: 191 min ago
$1,300,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Christopher Bald of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

Long term owner looking to cash-out. All tenants paying and no covid delinquencies. This six unit building is just minutes from billions of dollars in new developments, including Hollywood Park, SoFi Stadium, Clippers Area, Hawthorne Mall, Amazon Ring and SpaceX. This is the ideal pickup for any investor looking for immediate cash-flow with room to grow income significantly. The property has an ideal unit mix of (4) 2-Bd/1-Bath and (2) 1-Bd/1-Bath units. With over 30% upside on rents and over half the building section 8 tenants, this property is a prime value-add asset primed for a savvy investor to turn into a cash-cow. Added bonus; this property has had a complete overhaul of it's electrical systems, windows, doors and insulation in 2013 for the FAA fly over program. Each unit has it's own HVAC system and once renovated will gather top of market rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131281849
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1343 W 96th Street Los Angeles (City), CA 90044

  • Price: $1,300,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 191 min ago
  • ID#: SB22158011
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1963
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Long term owner looking to cash-out. All tenants paying and no covid delinquencies. This six unit building is just minutes from billions of dollars in new developments, including Hollywood Park, SoFi Stadium, Clippers Area, Hawthorne Mall, Amazon Ring and SpaceX. This is the ideal pickup for any investor looking for immediate cash-flow with room to grow income significantly. The property has an ideal unit mix of (4) 2-Bd/1-Bath and (2) 1-Bd/1-Bath units. With over 30% upside on rents and over half the building section 8 tenants, this property is a prime value-add asset primed for a savvy investor to turn into a cash-cow. Added bonus; this property has had a complete overhaul of it's electrical systems, windows, doors and insulation in 2013 for the FAA fly over program. Each unit has it's own HVAC system and once renovated will gather top of market rents.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.26 Common Interest Community Apartment Community Features BikingCurbsGolfHikingParkUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 88548 Gross Scheduled Income 88548 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 55318 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 30574 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lcr320u*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Christopher Bald of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)