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125 E 104th St 125 E 104th St

5 Unit Apartment Building $1,050,000 ($210,000/Unit) 8.68% Cap Rate Los Angeles, CA 90003

Investment Highlights

  • Strong immediate income with a 8.19 GRM and 8.68% Cap Rate
  • 43% in rental upside and stabilized at a 6.53 GRM and 11.46% cap rate
  • Great unit mix consisting of (5) 2 Bed / 1 Bath units

Executive Summary

Massive Price Reduction! 125 E 104th St is a Fully Stabilized 5 unit apartment in Los Angeles County. Priced at a 8.19 GRM and 8.68% Current Cap rate, this asset is the best Cap Rate in this submarket of Los Angeles. The subject property boasts an excellent unit mix of (5) 2-Bed/1-Bath Units.125 E 104th St is in a quickly growing submarket minutes from new construction and a stone's throw from Inglewood, Gardena and Downtown LA.

Attachments

125 E 104th St

Property Facts

Price $1,050,000
Price Per Unit $210,000
Sale Type Investment
Cap Rate 8.68%
Gross Rent Multiplier 8.19
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.13 AC
Building Size 2,741 SF
Average Occupancy 100%
No. Stories 1
Year Built 1930

Unit Amenities

  • Air Conditioning
  • Kitchen

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 5 $2,097 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6063-016-045
Land Assessment
$334,654
Improvements Assessment
$221,985
Total Assessment
$556,639

zoning

Zoning Code LAR2 (Two family residence)
LAR2 (Two family residence)
  • Listing ID: 31812437

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 125 E 104th St, Los Angeles, CA 90003

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