CA > Los Angeles
Los Angeles, CA 90044,1027 W 91st ST
Los Angeles, CA 90044,1027 W 91st ST
Los Angeles, CA 90044,1027 W 91st ST
$1,400,000
Est. payment /mo
$1,550,000
9.7%
Est.Price: ?

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0.43 Acres Lot
SOLD DATE : 04/16/2025

Key Details

Sold Price $1,400,000

Property Type Single Family Home

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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Diego Magdaleno

Diego Magdaleno

+1(714) 676-7271

Our team is ready to help you sell your home for the highest possible price ASAP

CRMLS – RECore
Listed by Nicholas Ensbury Lyon Stahl Investment Real Estate, Inc. 310-503-7574
Bought with Nicholas Ensbury Lyon Stahl Investment Real Estate, Inc.

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Diego Magdaleno
Diego Magdaleno

Founder & CEO | License ID: CA DRE# 01952035

+1(818) 221-2921

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