4 bedroom house for sale

Overview

Each unit is separately metered for gas and electricity and has its own parking space

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 and 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.