1012 West 109th Place
1012 West 109th Place
$1,800,000
7
12
3,616
3,616
$498
Sold 1/20/23
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
Property Details for 1012 West 109th Place
Zoning
LCR320U*
Parcel Number6076012011
Total Units11.0
Living Area3616
Source Living AreaVendor Enhanced
AreaMetropolitan Southwest (C36)
Vacancy Rate1 Unit
Lot Size Area8103
Location
LISTING UPDATED: 01/31/2023 02:52 PM
Property Details for 1012 West 109th Place
Status | Sold |
---|---|
MLS # | 22-198933 |
Days on Market | 77 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.19 AC / 8,103 SF |
County | Los Angeles County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1012 West 109th Place
Property History for 1012 West 109th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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