125 104Th StLos Angeles, CA 90003

Property Details for 125 104Th St

Year built

1930

Property size (Sq ft)

2,741 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully stabilized five-unit apartment building located at 125 E 104th St, Los Angeles, CA 90003. The property, built in 1930, features a total of 2,741 square feet situated on a 5,645 square foot lot (APN: 6063-016-045). Currently boasting 100% occupancy, the building comprises five two-bedroom, one-bathroom units, offering a compelling unit mix. The property is zoned LAR2. The asking price is $1,050,000, translating to $210,000 per unit and $383.07 per square foot. The current Net Operating Income (NOI) stands at $91,096, yielding an 8.68% capitalization rate. A pro-forma analysis projects a significantly higher NOI of $138,681, resulting in a 13.21% pro-forma cap rate. This prime location in Los Angeles County offers investors substantial upside potential, situated in a rapidly developing submarket with convenient access to Inglewood, Gardena, and Downtown Los Angeles. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving area. The property's strong financials and strategic location make it an ideal addition to any investment portfolio.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9422

Longitude

-118.273

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