This exceptional investment opportunity offers an impressive 8.42% cap rate on fully rented current income, making it a turnkey, high-yield asset in one of Los Angeles's most dynamic rental markets. Located at 432 W. 107th St., Los Angeles, this professionally managed and well-maintained property features seven recently renovated units, including two 2-bed/1-bath and five 1-bed/1-bath apartments, all individually metered for gas and electricity, allowing tenants to cover their own utilities. Situated on a secure, gated 9,110 sq. ft. lot, with potential to add an ADU or two and have outdoor common areas for tenants to enjoy. Recent upgrades include new exterior paint, enhanced lighting, and other property-wide improvements, ensuring a modern and attractive living space. Conveniently positioned near major employment hubs, this property provides tenants easy access to Los Angeles International Airport (LAX), Downtown LA, the West Side, and the South Bay, making it an attractive option for working professionals. Additionally, it's close to some of LA's top attractions, including SoFi Stadium, USC, BMO Stadium, LA Memorial Coliseum, Exposition Park, the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the Kia Forum all within a short commute. Residents also benefit from excellent transportation options, with quick access to major freeways such as the I-110, I-5, and I-405 and public transit options just minutes away, providing seamless connectivity throughout Greater Los Angeles and the South Bay. This property offers strong cash flow, modernized units, and an unbeatable location, making it a prime addition to any savvy investor's portfolio. Can be sold as a package with 731 E. Jefferson Blvd. (Also 7 units offered at a high CAP Rate).
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Danny Mahelka
$640,000
Los Angeles Area Single Family Home
Active
672 E 119th St Los Angeles, CA 90059
2 Bed
1 Baths
753 sqft
MLS# 25547567
Discover the perfect blend of charm, comfort, and convenience in this stunningly reimagined 2-bedroom, 1-bathroom home in a well-connected Los Angeles neighborhood. Move-in ready and beautifully updated, this single-family residence welcomes you with abundant natural light, new laminate flooring, and a decorative fireplace that adds warmth and character. The brand-new kitchen is a true highlight, featuring soft-close cabinetry, and stylish finishes ideal for both daily living and entertaining. Both bedrooms are generously sized with ample closet space, and the tastefully remodeled bathroom completes the interior with a fresh, modern touch. Step outside to a spacious backyard, perfect for hosting gatherings under a covered patio gazebo, and letting pets roam, or even adding an ADU (buyer to verify). Recent upgrades include new electrical and plumbing systems, designer fixtures, and a newer garage door. The detached garage and long driveway provide excellent off-street parking and versatility. Located just a short two-block stroll from the Earvin Magic Johnson Recreation Center, residents can enjoy scenic fishing lakes, open grassy areas, walking paths, and children's play zones. Plus, with easy access to the 105, 110, 710, and 405 freeways, you're just 20 minutes from Playa Vista, Long Beach, El Segundo, LAX, and more. Don't miss this opportunity to own a beautifully upgraded home in a thriving community schedule your showing today and fall in love!
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Danny Mahelka