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1012 W 109th Place $2,195,000

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    1012 W 109th Place Los Angeles, CA 90044

    • 7 Beds
    • 12 Baths
    • 3,616 sq. ft.
    • Multi-Family
    • MLS# 22198933
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    Views: 2 Days On Market: 85

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    Property Details

    *** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income. Please note, a one-bdrm. unit will be delivered vacant upon close of escrow. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $19,700+ in gross monthly income and operate the property at a 7.72% Market CAP and 9.28 Market GRM. The property amenities include gated entry, on-site parking (open and covered) and a community laundry room.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Total 11
      • One-Qtr Bathrooms 0
      • Three-Qtr Bathrooms 0
      • YearBuilt 1954
    • Building Features
      • Bedrooms Total 7
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Laundry Features Community
      • Living Area 3616.00
    • Property Features
      • Lot Size Acres 0.18
      • Parking Total 11.00

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    Neighborhood

    90044 (Los Angeles) Demographics

    31 Median Age
    19,464 Population Density (per sq. mile)
    14% College Educated
    $39,434 Estimated Median Income
    8,220 Estimated Total Home Owners
    20,148 Estimated Total Renters
    29% / 71% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    99,980 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $559,450 Median Sales Price
    14 Homes Sold
    14 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,195,000
        11/16/2022 7:47:42 PM Price Reduced Source: Multiple Listing Service New Value: $2,195,000 -12.2%
        10/3/2022 7:17:01 PM Price Reduced Source: Multiple Listing Service New Value: $2,500,000 -5.66%
        9/13/2022 12:17:00 AM New in Database Source: Multiple Listing Service New Value: $2,650,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2022 10:49:16 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.