1027 W 91St Street
Los Angeles, CA 90044
Active for $1,550,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 18,933 sqft
| MLS | SB25018301 |
| Year Built | 1906 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $1,550,000 |
| Structure Size | N/A sqft |
| Lot Size | 18,933 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Nicholas Ensbury, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Armen Mehrabi
REALTOR®
Direct: 818.970.6777
Email: Email Me
DRE: 01906662
DRE #01873088
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