*** 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.
* 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.