7
See all 7 photos
$1,100,000
Est. payment /mo
8 Beds
6 Baths
4,266 SqFt
Active
1130 W 97th ST Los Angeles, CA 90044
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $257
MLS Listing ID 26662685
Bedrooms 8
HOA Y/N No
Year Built 1961
Lot Size 6,503 Sqft
Property Description
We are pleased to present a six (6) unit apartment building located at 1130 W 97th St in Los Angeles, California. The subject property is located in a solid South LA location, north of Century Blvd and west of Vermont Ave. Located in a solid South LA neighborhood, the property features a desirable unit mix of four one-bedroom and two two-bedroom units. The asset offers a strong initial cap rate with approximately20% rental upside. Some capital improvements include updated subpanels and electrical boxes within the past 6 months. Amenities include a front-yard common area, laundry room, and rear onsite parking with potential to add ADUs. The location provides convenient access to major commercial corridors such as Century Blvd, Normandie Ave, Vermont Ave, and Western Ave. Residents benefit from nearby amenities including the Mark Twain Branch Library, Weingart YMCA Center, Maggie Hathaway Golf Course, Ralphs, Smart & Final, Roscoe's Chicken & Waffles, and South LA Cafe. The area is also seeing new multifamily development, including projects at 9426 S Normandie Ave (57 units), 823 W Manchester Ave (42 units), and 11001 S Vermont Ave (84 units). A strong initial cap rate combined with the potential to add ADUs in the rear parking lot presents investors with a compelling value-add opportunity in a South LA submarket that continues to see new development, improving amenities, and steady housing demand.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6056015041
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap #01772495
NEARBY SCHOOL & BUSINESS
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