Los Angeles, CA 90044 1016 W 110th St
$1,725,000
15 more
Presented By: Andres Diaz with Keller Williams Downtown LA
Home Details
1016 W. 110th Street is an 11-unit apartment community located in unincorporated Los Angeles. The opportunity consists of three (3) separate structures on an extremely large 18,003 square foot lot. Each unit is separately metered for gas and electricity and has its own parking space. Unit composition includes ten (10) studio units and a 4-bedroom/3-bathroom house with a pool and front yard. The rents are close to market; however, there is still approximately 9% rental upside that can be achieved as the units turnover. Tenants have easy access to the 105 & 110 Freeway which connects the subject property to Downtown Los Angeles and the beaches. Lastly, as the new construction pipeline continues to grow in South Los Angeles, the ability for a new owner to get higher rents will increase over time as projects such as the 84-unit apartment next door is set to be completed by 2025.
Presented By: Andres Diaz with Keller Williams Downtown LA
Interior Features for 1016 W 110th St
Bedrooms
Total Bedrooms4
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths13
Other Interior Features
Air Conditioning Y/NNo
Heating Y/NNo
Total Stories1
General for 1016 W 110th St
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market8
Directionsnear the intersection of W. Imperial Highway & S. Vermont Avenue; as well as; 110 Freeway & 105 Freeway.
Gross Income181332
HOA / Comm AssnNo
HeatingNone
LevelsOne
Lot Size Square Feet18003
Lot Size UnitsSquare Feet
MLS AreaC36 - Metropolitan Southwest
Net Operating Income104109
New ConstructionNo
NumberOfUnitsTotal11
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Tenant PaysElectricity, Gas
Year Built1950
ZoningLCR320U*
Exterior for 1016 W 110th St
Building Area Total4358
Lot Size Acres0.4133
Lot Size Area18003
Lot Size SourceAssessor
Number of Buildings3
Parking FeaturesCovered
Total Parking16
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480