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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.

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
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 - -

PROPERTY TAXES

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)
  • Listing ID: 32212087

  • Date on Market: 21/06/2024

  • Last Updated:

  • Address: 432-438 W 107th St, Los Angeles, CA 90003

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