1027 W 91st Street is a value add 8-unit multifamily property in South Los Angeles. The three buildings, totaling 5,837 sq. ft., consist of (1) 3Bd+2Ba, (2) 2Bd+1Ba, (4) 1Bd+1Ba and (1) Studio. They are situated on a huge 18,933 sq. ft. lot that is zoned *R3. This is the first time that this property has been on the market in 40 years.
Attractive seller financing is available and coupled with a current 6.71% cap rate and 9.48 GRM, the cash-on-cash return could be approximately 11% from day one. There is a large, paved lot in the rear of the property with 12 parking spaces. A new owner should consider adding ADUs here to further increase the value.
Attractive seller financing is available and coupled with a current 6.71% cap rate and 9.48 GRM, the cash-on-cash return could be approximately 11% from day one. There is a large, paved lot in the rear of the property with 12 parking spaces. A new owner should consider adding ADUs here to further increase the value.
Property Details
Price:
$1,550,000
MLS #:
SB25018301
Status:
Active
Baths:
0
Address:
1027 W 91st Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jan 25, 2025
State:
CA
ZIP:
90044
Lot Size:
18,933 sqft / 0.43 acres (approx)
Year Built:
1906
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Schools
Interior
Exterior
Community Features
Suburban, Urban
Garage Spaces
12.00
Lot Features
6-10 Units/ Acre
Parking Spots
24.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1027 W 91st Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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1027 W 91st Street
Los Angeles, CA
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