3835 West 104th Street

Inglewood, CA 90303

$8,400,000
Price
39
Beds
42
Baths
23,555 Sq. Ft.
$357 / Sq. Ft.
23,555
Sq. Ft.
$357
per Sq. Ft.

Description

The offering is a unique opportunity to acquire 28 units with an excellent mix including (1) 3 Bed / 2 Bath, (13) 2 Bed / 2 Bath, (10) 1 Bed / 1 Bath, and (4) Single / 1 Bath units. The building is performing well with a solid in place cash flow providing an investor with a stable asset in a location that continues to see tremendous growth. The property benefits from it's location being outside of the city of Los Angeles and is under AB1482 rent control allowing for an investor to keep up with the...The offering is a unique opportunity to acquire 28 units with an excellent mix including (1) 3 Bed / 2 Bath, (13) 2 Bed / 2 Bath, (10) 1 Bed / 1 Bath, and (4) Single / 1 Bath units. The building is performing well with a solid in place cash flow providing an investor with a stable asset in a location that continues to see tremendous growth. The property benefits from it's location being outside of the city of Los Angeles and is under AB1482 rent control allowing for an investor to keep up with the steady rent growth in the area. The building will be delivered with a vacant 3 Bed / 2 Bath. The building provides plenty of amenities for tenants including secure entry to the gated well landscaped courtyard. The building is very well parked with 28 spaces that are secured through a remote entry gate. Additionally each unit features a patio or balcony and is spacious with the 28 units being spread out across 23,555 square feet.
  1. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3835 West 104th Street

Water Front
None
Zoning
INM1L*
Parcel Number
4032007023
Total Units
28.0
Living Area
23555
Source Living Area
Vendor Enhanced
Area
South Inglewood (102)
Vacancy Rate
3.0

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
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LISTING UPDATED: 05/23/2024 12:01 AM

Property Details for 3835 West 104th Street

StatusActive
MLS #24-392351
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.70 AC / 30,338 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
Add your commute

Building Information for 3835 West 104th Street

Stories-Residences-Year Built1961Building Size-Lot Size0.70 AC / 30,338 SF

Payment Calculator

$49,802 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,842

Property Taxes

$3,960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3835 West 104th Street

Community / Development
Community / Development
  • Number Of Units: 28
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: apt
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Resident Manager, Card/Code Access
  • Direction Faces: South
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $697,613
  • Net Operating Income: $466,291.00
  • Gross Income: $715,188
  • Cap Rate: 5.55%
  • Gross Rent Multiplier: $11.75
  • Actual Annual Gross Rent: $715,188.00
  • Actual Rent Total: $7,151,888.00
  • Financial Info as Of: 05/15/2024
  • Vacancy Allow Dollar: $21,576.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 231322
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.6965
  • Lot Size Square Feet: 30338
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 28
  • Covered Parking: 28
  • Open Other Spaces Total: 0
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
  • Cooking Appliances: Oven, Range
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,605.00
  • Unit Actual Rent: $6,421.00
  • Unit Projected Rent: $7,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,955.00
  • Unit Actual Rent: $19,551.00
  • Unit Projected Rent: $22,000.00
  • Like Units: 10
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,340.00
  • Unit Actual Rent: $30,426.00
  • Unit Projected Rent: $33,800.00
  • Like Units: 13
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,009,678.00
  • Assessed Improvement Percent: 61.22
  • Assessed Land Value: $1,272,793.00
  • Assessed Land Percent: 38.78
  • Assessed Total Value: $3,282,471.00

Property History for 3835 West 104th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3835 West 104th Street

Taxable ValueLand$1,272,793Additions$2,016,678Total$3,289,471
Tax Record2023$47,514 ($3,960 / month)
Home Facts
Total Finished SqFt23,555 SqFtAbove Grade Finished SqFt23,555 SqFtLot Size30,330 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningINM1L*CountyLOS ANGELESAPN4032-007-023

Schools near 3835 West 104th Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Clyde Woodworth Elementary School
PublicK to 8

Monroe (Albert F.) Middle School
Public6 to 8

Morningside High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3835 West 104th Street is a multi-family home for sale in Inglewood, CA 90303. This property was listed for sale on May 15, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $8,400,000. It has been on the market for a total of 15 days and was last sold on November 19, 2004. This listing's school district is Inglewood Unified School District. Nearby schools include Clyde Woodworth Elementary School, Monroe (Albert F.) Middle School and Morningside High School. 3835 West 104th Street is a 39-bed, 42-bath, 23,555 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.