1330 W 106th Street

    Los Angeles (City), CA 90044
    • $2,100,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: IV18245914
    UPDATED: 46 min ago
    $2,100,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,834
      SQFT
    • $434
      $/SQFT
    Type:
    Commercial
    Built:
    1959
    County:

    School Ratings & Info

    Description

    This recently upgraded 10 Unit apartment building is turn key, with below market rents in an unincorporated area, plus there is no rent control. The seller has invested over $800,000 in upgrades. All new electrical wiring, copper plumbing and new sewer lines were done approximately 1 1/2 to 2 years ago. The upper deck and wrought-iron railings were updated to code less than 1 year ago. The windows have bars, which allows for the fresh breeze in the evenings. Security cameras are installed. All carpets have been upgraded also the kitchen and bathroom flooring. The units have breakfast counters, plus the 2 bedroom 2 bath unit has a separate dining room. All bedrooms have ceiling fans and window blinds. Most units have double stainless steel sinks. A new composite roof was installed less than 1 year ago with a 30 year warranty. There are 10 parking bays (6 parking bays in the gated yard in back and 4 bays are on the front). For the convenience of the tenants, there is a laundry room with two coin operated washers and two coin operated dryers, which are owned by the seller. This provides additional income. A new hot water heater was installed approximately 6 months ago. Upscale energy efficient exterior lighting has been installed as well. Each unit has individual meters for gas and electrical. The Property is conveniently location near the bus and metro rail and it is approximately 7 to 8 miles from LAX.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T09:28:56.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/88349939

    1330 W 106th Street Los Angeles (City), CA 90044

    • Price: $2,100,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: IV18245914
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,834
    SQFT
    $434
    $/SQFT
    1959
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    This recently upgraded 10 Unit apartment building is turn key, with below market rents in an unincorporated area, plus there is no rent control. The seller has invested over $800,000 in upgrades. All new electrical wiring, copper plumbing and new sewer lines were done approximately 1 1/2 to 2 years ago. The upper deck and wrought-iron railings were updated to code less than 1 year ago. The windows have bars, which allows for the fresh breeze in the evenings. Security cameras are installed. All carpets have been upgraded also the kitchen and bathroom flooring. The units have breakfast counters, plus the 2 bedroom 2 bath unit has a separate dining room. All bedrooms have ceiling fans and window blinds. Most units have double stainless steel sinks. A new composite roof was installed less than 1 year ago with a 30 year warranty. There are 10 parking bays (6 parking bays in the gated yard in back and 4 bays are on the front). For the convenience of the tenants, there is a laundry room with two coin operated washers and two coin operated dryers, which are owned by the seller. This provides additional income. A new hot water heater was installed approximately 6 months ago. Upscale energy efficient exterior lighting has been installed as well. Each unit has individual meters for gas and electrical. The Property is conveniently location near the bus and metro rail and it is approximately 7 to 8 miles from LAX.
    Exterior Features

    Construction Materials Drywall WallsStucco Fence YN Yes Fencing BlockExcellent ConditionWrought Iron Lot Features 6-10 Units/AcreLot 6500-9999Lot Shape-RectangularNear Public TransitPavedSprinkler SystemSprinklers TimerUtilities - Overhead Lot Size Dimensions 9202 SF Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Roof Composition

    Interior Features

    Condo Area Units Square Feet Cooling ElectricEnergy StarSee Remarks Cooling YN Yes Heating Wall HeaterNatural Gas Heating YN Yes Laundry Features Area

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 102.00 Building Area Units Square Feet Building Expenses 840.00 Building Status Existing Cap Rate 8.00 Country Us Current Use Comments Multi-Family Effective Gross 214920 Electric Standard Electric Expense 659.00 Expense Year 2018 Gross Scheduled Income 191580.00 Insurance Expense 2976.00 Land Lease YN No Land Use Multi-Family Laundry Equipment Own Lease Own Laundry Income 3840.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Maintenance Expense 200.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 161423.00 Occupancy Occupied Operating Expense 30157.00 Other Expense 2572.00 Property Sub Type Multi Family Real Estate Tax Expense 17851.00 Security Features Carbon Monoxide Detector(S)Fire Rated DrywallGated CommunitySecurity SystemSmoke DetectorWindow Bars Special Listing Conditions Standard Sprinklers YN Yes Tax Annual Amount 17851.00 Tax Rate 1.17 Tax Year 2018 Total Expenses 30157.00 Total Monthly Rent 15645 Trash Expense 300.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone ConnectedSewer ConnectedWater Available Vacancy Allowance 9579 Vacancy Allowance Rate 0.05 Water Sewer Expense 4656.00 Water Source Public Year Built Source Assessor Zoning Lcr320u*

    Listing provided courtesy of Ruby Williams of Tarbell Realtors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T09:28:56.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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