$ 1,100,000
-
$1,100,000
Price -
8
Bed -
6
Bath -
4,266
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing X75151 - X92444
We are pleased to present a six (6) unit apartment building located at 1130 W 97th St in Los Angeles, California. The subject property is located in a solid South LA location, north of Century Blvd and west of Vermont Ave. Located in a solid South LA neighborhood, the property features a desirable unit mix of four one-bedroom and two two-bedroom units. The asset offers a strong initial cap rate with approximately20% rental upside. Some capital improvements include updated subpanels and electrical boxes within the past 6 months. Amenities include a front-yard common area, laundry room, and rear onsite parking with potential to add ADUs. The location provides convenient access to major commercial corridors such as Century Blvd, Normandie Ave, Vermont Ave, and Western Ave. Residents benefit from nearby amenities including the Mark Twain Branch Library, Weingart YMCA Center, Maggie Hathaway Golf Course, Ralphs, Smart & Final, Roscoe's Chicken & Waffles, and South LA Cafe. The area is also seeing new multifamily development, including projects at 9426 S Normandie Ave (57 units), 823 W Manchester Ave (42 units), and 11001 S Vermont Ave (84 units). A strong initial cap rate combined with the potential to add ADUs in the rear parking lot presents investors with a compelling value-add opportunity in a South LA submarket that continues to see new development, improving amenities, and steady housing demand.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
26662685
Year Built
1961
Total Square Footage
4,266
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LCR320U*
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1130 W 97th St Los Angeles, CA 90044
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
