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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,050,000

Est. payment - /mo

6 Beds

5 Baths

3,462 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,462 sqft

Price per Sqft $303

MLS Listing ID 26644939

Bedrooms 6

HOA Y/N No

Year Built 1962

Lot Size 5,401 Sqft

Property Description

1318 W. 90th Street is a well-located five-unit multifamily offering in South Los Angeles featuring recent renovations, a balanced unit mix, multiple ancillary income opportunities, and immediate rental upside, delivering strong in-place income and durable long-term fundamentals. 1318 W. 90th Street presents a five-unit multifamily investment opportunity in South Los Angeles with immediate upside. The property features a balanced unit mix of four (4) one-bedroom / one-bath units and one (1) two-bedroom / one-bath plus den unit. The two-bedroom unit is currently vacant and in rent-ready condition. Upon full lease up, the property is projected to deliver strong and consistent cash flow with a stabilized 9.24 GRM and a 7.88% CAP Rate. The property offers additional value-add potential through vacant garages, which maybe utilized for additional parking income or repositioned for future ADU conversion, subject to buyer verification and local regulations, providing a path to incremental income growth beyond traditional rent increases. Situated on a quiet residential street with convenient access to major employment centers, transit corridors, and regional freeways, the property benefits from steady tenant demand and strong occupancy fundamentals. South Los Angeles continues to attract investor interest due to its relative affordability and proximity to Downtown Los Angeles, Inglewood, and LAX. The unit mix supports both income stability and long-term durability, as one-bedroom units typically experience lower vacancy, while the larger two-bedroom plus den unit appeals to families and long-term renters. All units have been recently renovated, creating a largely turnkey investment profile and minimizing near-term capital expenditure requirements.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Heating Wall Furnace

Fireplaces Type None

Inclusions None

Fireplace No

Appliance Disposal, Refrigerator

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Faces North

Story 2

Entry Level Multi/Split

Foundation Raised

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6047013006

Financing Conventional

Special Listing Condition Standard

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Listed by Sam Grayeli BRC Advisors- BH #01299288

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1318 W 90th ST Los Angeles, CA 90044