432 W 107th St

7 Unit Apartment Building $1,998,164 CAD ($285,452 CAD/Unit) 8.42% Cap Rate Los Angeles, CA 90003

INVESTMENT HIGHLIGHTS

  • Recent upgrades include new exterior paint, enhanced lighting, and other property-wide improvements, ensuring a modern and attractive living space
  • Positioned near major employment hubs, this property provides tenants with easy access to Los Angeles International Airport (LAX), Downtown
  • gated 9,110 sq. ft. lot, the property includes outdoor common areas for residents to enjoy

EXECUTIVE SUMMARY

This exceptional investment opportunity offers an impressive 8.42% cap rate on fully rented current income, making it a turnkey, high-yield asset in one of Los Angeles' most dynamic rental markets. Located at 432 W. 107th St., Los Angeles, this professionally managed and well-maintained property features seven recently renovated units, including two 2-bed/1-bath and five 1-bed/1-bath apartments, all individually metered for gas and electricity allowing tenants to cover their own utilities. Situated on a secure, gated 9,110 sq. ft. lot, the property includes outdoor common areas for tenants to enjoy. Recent upgrades include new exterior paint, enhanced lighting, and other property-wide improvements, ensuring a modern and attractive living space. Conveniently positioned near major employment hubs, this property provides tenants with easy access to Los Angeles International Airport (LAX), Downtown LA, the West Side, and the South Bay, making it an attractive option for working professionals. Additionally, it's close to some of LA's top attractions, including SoFi Stadium, USC, BMO Stadium, LA Memorial Coliseum, Exposition Park, the Lucas Museum of Narrative Art, the Natural History Museum, the California Science Center, and the Kia Forum all within a short commute. Residents also benefit from excellent transportation options, with quick access to major freeways such as the I-110, I-5, and I-405 and public transit options just minutes away, providing seamless connectivity throughout Greater Los Angeles and the South Bay. This property offers strong cash flow, modernized units, and an unbeatable location, making it a prime addition to any savvy investor's portfolio. Can be sold as a package with 731 E. Jefferson Blvd. (Also 7 units offered at a high CAP Rate).

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $239,399 $77.28
Other Income - -
Vacancy Loss $7,181 $2.32
Effective Gross Income $232,218 $74.96
Taxes $24,338 $7.86
Operating Expenses $39,077 $12.61
Total Expenses $63,414 $20.47
Net Operating Income $168,803 $54.49

PROPERTY FACTS

Price $1,998,164 CAD
Price Per Unit $285,452 CAD
Sale Type Investment
Cap Rate 8.42%
Gross Rent Multiplier 8.37
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.21 AC
Building Size 4,324 SF
Average Occupancy 100%
No. Stories 2
Year Built 1934

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Heating
  • Oven

SITE AMENITIES

  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 $2,793 CAD -
2+1 2 $3,348 CAD -

PROPERTY TAXES

ZONING

Zoning Code LAR2 (LAR2)
  • Listing ID: 35240872

  • Date on Market: 2025-03-24

  • Last Updated:

  • Address: 432 W 107th St, Los Angeles, CA 90003