1016 W 110Th Street

Los Angeles, CA 90044

$1,625,000

Sold Price
4

bed Beds

13

shower Baths

4,358 sqft

straighten / sqft

1950

calendar_month Built

Property Description

1016 W. 110th Street is an 11-unit apartment community located in unincorporated Los Angeles. The opportunity consists of three (3) separate structures on an extremely large 18,003 square foot lot. Each unit is separately metered for gas and electricity and has its own parking space. Unit composition includes ten (10) studio units and a 4-bedroom/3-bathroom house with a pool and front yard. The rents are close to market; however, there is still approximately 9% rental upside that can be achieved as the units turnover. Tenants have easy access to the 105 & 110 Freeway which connects the subject property to Downtown Los Angeles and the beaches. Lastly, as the new construction pipeline continues to grow in South Los Angeles, the ability for a new owner to get higher rents will increase over time as projects such as the 84-unit apartment next door is set to be completed by 2025.

Listing Information

Close Price $1,625,000
Close Date Wednesday, October 2nd, 2024
Status Closed
MLS 24402825
Type Residential Income
Year Built 1950
Lot Size 18,003
Structure Size 4,358
DOM 113
Courtesy Of Keller Williams Downtown LA
Listing Agent Andres Diaz DRE#01956479
Co-Listing Agent Scott Chaplan DRE#01182553

Interior Features

Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 13
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Andres Diaz, Scott Chaplan, Keller Williams Downtown LA 213-797-7182. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 5:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.