1012 West 109th Place

Los Angeles, CA 90044

$1,800,000
Last Sold Price
7
Beds
12
Baths
3,616 Sq. Ft.
$498 / Sq. Ft.
3,616
Sq. Ft.
$498
per Sq. Ft.

Description

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income....*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1012 West 109th is an 12-unit property (please note one unit is non-conforming) in the Westmont neighborhood of South Los Angeles operating at a 6.14% current CAP and offers investors approx. 19% rental upside . Located just west of Vermont Ave, the subject property features (1) three-bdrm. & two-bath unit, (4) 1-bdrm. units and (7) studio units that generate approx. $16,700+ in gross monthly income. Please note, a one-bdrm. unit will be delivered vacant upon close of escrow. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $19,700+ in gross monthly income and operate the property at a 7.72% Market CAP and 9.28 Market GRM. The property amenities include gated entry, on-site parking (open and covered) and a community laundry room.

Listing Agent

  1. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 1012 West 109th Place

Zoning
LCR320U*
Parcel Number
6076012011
Total Units
11.0
Living Area
3616
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
1 Unit
Lot Size Area
8103

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute
LISTING UPDATED: 01/31/2023 02:52 PM

Property Details for 1012 West 109th Place

StatusSold
MLS #22-198933
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.19 AC / 8,103 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute

Virtual Tour

Building Information for 1012 West 109th Place

Stories2Residences-Year Built1954Building Size-Lot Size0.19 AC / 8,103 SF

Payment Calculator

$11,875 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$2,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1012 West 109th Place

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $194,772
  • Net Operating Income: $134,860.00
  • Gross Income: $200,796
  • Cap Rate: 6.14%
  • Gross Rent Multiplier: $10.93
  • Financial Info as Of: 11/16/2022
  • Vacancy Allow Percent: 2.50%
  • Total Annual Expense: 59912
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Size Square Feet: 8103
Parking Details
Parking Details
  • Parking Garage: Side By Side
  • Total Parking: 11
  • Parking Features: Side by Side
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,648.00
  • Unit Actual Rent: $1,648.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,369.00
  • Unit Actual Rent: $1,369.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,215.00
  • Unit Actual Rent: $1,215.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,144.00
  • Unit Actual Rent: $1,144.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,133.00
  • Unit Actual Rent: $1,133.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115

Property History for 1012 West 109th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1012 West 109th Place

Taxable ValueLand$1,148,327Additions$516,712Total$1,665,039
Tax Record2023$24,627 ($2,052 / month)
Home Facts
Total Finished SqFt3,616 SqFtAbove Grade Finished SqFt3,616 SqFtLot Size8,103 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLCR320U*CountyLOS ANGELESAPN6076-012-011

Schools near 1012 West 109th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 10
Rating
School
Distance
Woodcrest Elementary School
PublicK to 5

Animo Charter Middle No. 3
Charter6 to 8

George Washington Preparatory High School
Public9 to 12

Boys Academic Leadership Academy
Public6 to 10

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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Similar Sold Homes

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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 Compass, Max Berger, DRE #02054048

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.