1017 W 95th Street, Los Angeles, CA 90044

$1,350,000
17
BD
9
BA
7,450
SqFt

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Listing courtesy of Listing Agent: Neema Ahadian (neema@marcusmillichap.com) from Listing Office: Marcus & Millichap.

List Price
$1,350,000
Status
ACTIVE
Days on Market
1
MLS#
26888261
Subtype
Residential Income
Year Built
1967
Bedrooms
17
Bathrooms
9
Living Area
7,450
Lot Size
9,228
Acres
0.21
MLS Area Major
Metropolitan Southwest (C36)

Property Description

We are pleased to present 1017 W 95th Street, a 9-unit multifamily investment opportunity in South Los Angeles. The property sits on a 9,228 SF parcel with 7,450 SF of building area and a unit mix of (1) 1Bed+1Bath and (8) 2Bed+1Bath units. The offering generates a current cap rate of 7.69% on a GRM of 7.66,providing a stabilized return at an attractive basis. Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover. On-site parking totals 9 spaces (4 tuck-under, 5 carport), and the rear detached carports present a potential ADU conversion opportunity, offering a future owner the ability to add units and increase density on the site (buyer to verify).The surrounding South Los Angeles submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor, anchored by SoFi Stadium and the Hollywood Park mixed-use development. 1017 W 95th Street offers a proven in-place return, near-term upside, and exposure to a submarket where basis at this level is increasingly hard to find.

Additional Information

Zoning
LCR320U*
Heating
None
Stories
Two Levels
Levels
Two
Parking Features
None

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.