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$ 1,350,000
Est. payment | /mo
17 Beds
9 Baths
7,450 SqFt
$ 1,350,000
Est. payment | /mo
17 Beds
9 Baths
7,450 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,450 sqft
Price per Sqft $181
MLS Listing ID 26888261
Bedrooms 17
HOA Y/N No
Year Built 1967
Lot Size 9,226 Sqft
Property Description
We are pleased to present 1017 W 95th Street, a 9-unit multifamily investment opportunity in South Los Angeles. The property sits on a 9,228 SF parcel with 7,450 SF of building area and a unit mix of (1) 1Bed+1Bath and (8) 2Bed+1Bath units. The offering generates a current cap rate of 7.69% on a GRM of 7.66,providing a stabilized return at an attractive basis. Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover. On-site parking totals 9 spaces (4 tuck-under, 5 carport), and the rear detached carports present a potential ADU conversion opportunity, offering a future owner the ability to add units and increase density on the site (buyer to verify).The surrounding South Los Angeles submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor, anchored by SoFi Stadium and the Hollywood Park mixed-use development. 1017 W 95th Street offers a proven in-place return, near-term upside, and exposure to a submarket where basis at this level is increasingly hard to find.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6056009031
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap #01346750
Nearby Locations
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Jordan & Kayleigh Bennett
REALTORS®, BROKER-OWNERS Lic# 01850869 | 01929023