432-438 W 107th St
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432-438 W 107th St
7 Unit Block of Flats £1,301,850 (£185,979/Unit) 7.22% Net Initial Yield Los Angeles, CA 90003
Investment Highlights
- UNIT MIX: FIVE 1+1 & TWO 2+1 UNITS
- NEW EXTERIOR PAINT AND LIGHTS
- SECURED GATED ENTRY
- SEVEN UNITS HAVE BEEN RECENTLY RENOVATED
- NEW BUILDING AND UNIT NUMBERS
- SEPERATELY METERED FOR GAS & ELECTRICITY
Executive Summary
We are pleased to offer this seven unit investment opportunity, located in the City of Los Angeles. The unit mix consists of five 1+1 and two 2+1 units. The investment consists of approximately 4,432 of rentable square feet and is situated on an approximately 9,110 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and all seven of the units have recently been renovated.. The building amenities include a secured gated entry, and the property is separately metered for both gas & electricity.
The subject property is located in the City of Los Angeles. The property is situated south of Century Boulevard, North of 108th Street, West of Grand Avenue and East of Figueroa Street.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
The subject property is located in the City of Los Angeles. The property is situated south of Century Boulevard, North of 108th Street, West of Grand Avenue and East of Figueroa Street.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £1,301,850 | Property Subtype | Apartment |
Price Per Unit | £185,979 | Building Class | C |
Sale Type | Investment | Lot Size | 0.21 AC |
Net Initial Yield | 7.22% | Building Size | 3,098 SF |
Gross Rent Multiplier | 10.12 | Average Occupancy | 100% |
No. Units | 7 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1934 |
Price | £1,301,850 |
Price Per Unit | £185,979 |
Sale Type | Investment |
Net Initial Yield | 7.22% |
Gross Rent Multiplier | 10.12 |
No. Units | 7 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.21 AC |
Building Size | 3,098 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1934 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 5 | - | - |
2+1 | 2 | - | - |
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PROPERTY TAXES
Parcel Number | 6061-033-009 | Improvements Assessment | £191,509 |
Land Assessment | £1,082,476 | Total Assessment | £1,273,985 |
PROPERTY TAXES
Parcel Number
6061-033-009
Land Assessment
£1,082,476
Improvements Assessment
£191,509
Total Assessment
£1,273,985
zoning
Zoning Code | LAR2 (Two-Family Dwellings) |
LAR2 (Two-Family Dwellings) |
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432-438 W 107th St
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