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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,350,000

Est. payment - /mo

17 Beds

9 Baths

7,450 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,450 sqft

Price per Sqft $181

MLS Listing ID 26888261

Bedrooms 17

HOA Y/N No

Year Built 1967

Lot Size 9,226 Sqft

Property Description

We are pleased to present 1017 W 95th Street, a 9-unit multifamily investment opportunity in South Los Angeles. The property sits on a 9,228 SF parcel with 7,450 SF of building area and a unit mix of (1) 1Bed+1Bath and (8) 2Bed+1Bath units. The offering generates a current cap rate of 7.69% on a GRM of 7.66,providing a stabilized return at an attractive basis. Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover. On-site parking totals 9 spaces (4 tuck-under, 5 carport), and the rear detached carports present a potential ADU conversion opportunity, offering a future owner the ability to add units and increase density on the site (buyer to verify).The surrounding South Los Angeles submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor, anchored by SoFi Stadium and the Hollywood Park mixed-use development. 1017 W 95th Street offers a proven in-place return, near-term upside, and exposure to a submarket where basis at this level is increasingly hard to find.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6056009031

Special Listing Condition Standard

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Listed by Neema Ahadian Marcus & Millichap #01346750

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

1017 W 95th ST Los Angeles, CA 90044

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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