$4,745,000

Estimated payment $30,549/month

Total Views 1,956
5 Beds
4 Baths
15,339 Sq Ft
$309 Price per Sq Ft

Highlights

  • 0.44 Acre Lot
  • No HOA
  • Bike Trail
  • Private Yard
  • Laundry Room

About This Home

We are pleased to present 22 units located in the heart of Los Angeles. Priced to sell at 9.51 GRM, and 10.32% Cash on Cash Return!
This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow.
The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum.
Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.

Listing Agent

Shane Young

Younglewin Advisors, Inc. Brokerage Phone: 562-556-1118 License #01963090 Listed on: 07/22/2025

Co-Listing Agent

Daniel Gomez

Younglewin Advisors, Inc. Brokerage Phone: 562-556-1118 License #02081392

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot
  • Two or More Common Walls
  • Private Yard
  • Value in Land

Parking

  • 22 Car Garage
  • Carport
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 15,339 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 211
  • Tax Tract Number 600303
  • Assessor Parcel Number 6076002020
  • $9,952 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 22 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,500
  • Insurance Expense $6,000
  • Professional Management Expense $24,937
  • Trash Expense $11,000
  • Water Sewer Expense $13,000
  • Operating Expense $172,398
  • Gross Income $504,789
  • Net Operating Income $332,391

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

22

Listing Details

  • CapRate: 7.01
  • Price Per Unit: 215682
  • Professional Management Expense: 24937.00
  • Property Attached: Yes
  • Water Sewer Expenses: 13000.00
  • Zoning: LCR320U*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6076002020
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 107th
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 309.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 22.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 22.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 11000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land, Yard
  • Lot Size Sq Ft: 19108.00
  • Lot Size Acres: 0.4387

Multi Family

  • Electric Expense: 8500.00
  • Gross Income: 504789.00
  • Gross Multiplier: 9.51
  • Gross Operating Income: 504789.00
  • Gross Scheduled Income: 498732.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 19108.0000 Square Feet
  • Net Operating Income: 332391.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 172398.00
  • Operating Expense Percent: 34.15
  • Rent Control: Yes
  • Total Expenses: 172398.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 6003.03
  • Tax Lot: 211
  • Tax Tract Number: 600303
  • TaxOtherAnnualAssessmentAmount: 9952.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $4,745,000 0.0% $309 / Sq Ft
03/05/2025 03/05/25 Off Market $1,995 -- --
01/17/2025 01/17/25 Price Changed $1,995 0.0% $2 / Sq Ft
01/17/2025 01/17/25 For Rent $1,995 0.0% --
08/08/2023 08/08/23 For Rent -- -- --
07/13/2023 07/13/23 For Rent -- -- --
03/11/2023 03/11/23 For Rent $1,995 0.0% --
12/01/2017 12/01/17 Sold $3,725,000 -11.3% $243 / Sq Ft
09/20/2017 09/20/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $4,200,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25165254

California Regional Multiple Listing Service (CRMLS)