17
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$1,550,000
Est. payment /mo
0.43 Acres Lot
Pending
1027 W 91st ST Los Angeles, CA 90044
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UPDATED:
03/03/2025 07:49 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25018301
Originating Board California Regional MLS
Year Built 1906
Lot Size 0.435 Acres
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
Interior
Laundry Gas Hookup, In Laundry Room, Laundry Area, 30, Washer, Dryer
Exterior
Garage Spaces 24.0
Pool None
Building
Water District - Public
Others
Tax ID 6047015028
Special Listing Condition Not Applicable
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Listed by Nicholas Ensbury • Lyon Stahl Investment Real Estate, Inc.