Detailed Introduction Of This Home
1040 W 91st St, Los Angeles is a beautiful turnkey 11-unit asset in the dense rental market of unincorporated West Athens. The property is professionally managed and the property has undergone extensive remodeling through capital expenditures totaling over $300,000, including new LVP flooring, LED lighting, AC, full kitchen remodel (counters, shaker style cabinetry, range ovens, refrigerators), full bathroom remodel (fiberglass shower surround and vanities), and more. The 8,496 square foot building resides on a 9,513 square foot lot and is comprised of nine (9) 3 bed/1 bath, one (1) 3 bed/2 bath, and one (1) 2 bed/2 bath units. Twelve (12) dedicated carports are located in the rear of the parcel. Tenants enjoy convenient access to all that the greater Los Angeles area offers with quick access to the 110, 105, 405 and 10 Freeways. The property is currently operating at a 5.2% cap rate and a 12.9 GRM, an ideal opportunity for stable cash flow and a good cash-on-cash return through a low-maintenance stabilized asset.