15
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$899,999
Est. payment /mo
6,751 Sqft Lot
Price Dropped by $95K
1220 91st ST Los Angeles, CA 90044
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25166593
HOA Y/N No
Year Built 1926
Lot Size 6,751 Sqft
Property Sub-Type Apartment
Property Description
We are proud to present 1220 W 91st St, Los Angeles — a prime multifamily investment opportunity in one of L.A.'s rapidly evolving neighborhoods. Situated on a 6,752 sq ft R3 lot, this well-maintained 6-unit property offers a strong unit mix of one 2-bed/1-bath and five 1-bed/1-bath apartments, ideal for attracting a broad tenant base. A commuter's dream, the location boasts quick access to both the 110 and 105 freeways, connecting you to Downtown, the South Bay, and LAX within minutes. With a current CAP rate of 4.72% and a GRM of 12.28, this asset is already producing stable income — but with room to grow. At market rents, investors can achieve a projected 9.26% CAP rate and 7.64 GRM, offering excellent upside potential. Priced at just $297 per square foot, 1220 W 91st St represents incredible value for savvy investors looking for long-term appreciation and cash flow in a dynamic L.A. submarket.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Off Street
Pool None
Community Features Sidewalks, Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6047019006
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Stephen Takahashi Lyon Stahl Investment Real Estate, Inc. 310-403-9145
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