This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

1344 W 98th St
Los Angeles, CA 90044

4 Units w/ 52% Rental Upside @ $225,000 PPU · Multifamily Property For Sale · 4 Units

Investment Highlights

  • Approx. 52% rental upside compared to renovated units in the area
  • Offered at $225,000 per unit, $329 per foot, 4.58% CAP, and 14.20 GRM on current rents
  • Property amenities include a community laundry room and (4) 1-car garages that can be converted to ADUs (buyer to verify)
  • 1344 West 98th will stabilize at an 8.12% CAP & 9.44 GRM on projected market rents
  • Features (4) 1-bdrm. units, across 3 structures, on a 6,256 SF lot zoned LCC3YY
  • 3.0 miles from The Village at Century, SoFi Stadium, Hollywood Park, and The Forum

PROPERTY FACTS

No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.14 AC
Building Size 2,734 SF
Average Occupancy 100%
No. Stories 2
Year Built 1948
Parking Ratio 1.46/1,000 SF

Site Amenities

  • Laundry Facilities
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $1,300 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6056-017-023
Land Assessment
$223,018
Improvements Assessment
$266,146
Total Assessment
$489,164

zoning

Zoning Code LCC3YY
LCC3YY
  • Listing ID: 31194983

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: 1344 W 98th St, Los Angeles, CA 90044

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}