MarketPier

1055 W 104TH Street - Los Angeles, CA 90044

$655,000
Listing Description

*BACK ON MARKET-BUYER COULDN'T GET A LOAN*- Excellent opportunity for an investor or owner/user to purchase an updated apartment complex with vacant units, room to build more units, and garage and storage units that can be rented out. Unit #1 is a Vacant 3bd/1ba ground floor of building#1 which has just been remodeled for the modern buyer. Unit #2 is upstairs and 2bd/2ba paying $1,300 a month and Unit #3 in building #2 is a top floor 1bd/1ba paying $900 a month. Building # 2 has two garage units. The first unit was converted into a bachelor unit by previous owner, but is currently being used as storage, but can be converted back. The second garage unit is being rented out as storage by Unit#2.

Listing Information
MLS Number
19476834
APN/Parcel ID
6060022008
Type
Multifamily
Sub Type
Multifamily
Building Size
2,050 sqft
Lot Size
8,960 sqft
Price / SQFT
$320
No Units
3
Price / Unit
$218,333
Gross Income
$56,400
Total Expenses
$2,960
Net Income
$53,440
Rent Multiplier
11.61
Listing Date
6/11/2019
Days Active
98
Last Updated
9/18/2019
Listing Provided By
Justin Saba
Justin Saba
BRE# 01897261

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