Property Detail

Description

We are pleased to present 1455 W 106th Street, a 6-unit multifamily investment opportunity in the unincorporated Los Angeles submarket (90047). Built in 1955, the property features a desirable unit mix of (1) 3 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (4) 1 Bed / 1 Bath units, totaling approximately 3,821 square feet on an oversized 8,506 square foot lot. The expansive lot provides ample on-site parking, a highly sought-after amenity in this parking-constrained submarket. Tenants pay for gas and electricity, and the property benefits from on-site laundry generating additional income. Offered at a 6.38% CAP rate and 9.91 GRM on current rents, with upside to an 8.75% market CAP rate and 7.95 market GRM, the property presents a compelling value-add opportunity with strong in-place cash flow and significant rental upside. Additionally, the property has undergone significant electrical upgrades in recent years, helping reduce near-term capital expenditure risk.