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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25018301
Sold Date 04/16/25
HOA Y/N No
Year Built 1906
Lot Size 0.435 Acres
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room, Upper Level
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Suburban, Urban
Total Parking Spaces 24
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6047015028
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Nicholas Ensbury • Lyon Stahl Investment Real Estate, Inc.
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935