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1017 W 95th St
Los Angeles, CA 90044
Multifamily Property For Sale
·
9 Units
Investment Highlights
- 9-unit multifamily investment opportunity in South Los Angeles.
- On-site parking totals 9 spaces (4 tuck-under, 5 carport).
- Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover.
- The property sits on a 9,228 SF parcel with 7,450 SF of building area and a unit mix of (1) 1Bed+1Bath and (8) 2Bed+1Bath units.
- Generates a current cap rate of 7.69% on a GRM of 7.66, providing a stabilized return at an attractive basis.
- South LA submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor.
Executive Summary
The Neema Group of Marcus & Millichap is pleased to present 1017 W 95th Street, a 9-unit multifamily investment opportunity in South Los Angeles. The property sits on a 9,228 SF parcel with 7,450 SF of building area and a unit mix of (1) 1Bed+1Bath and (8) 2Bed+1Bath units. The offering generates a current cap rate of 7.69% on a GRM of 7.66,
providing a stabilized return at an attractive basis. Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover.
On-site parking totals 9 spaces (4 tuck-under, 5 carport), and the rear detached carports present a potential ADU conversion opportunity, offering a future owner the
ability to add units and increase density on the site (buyer to verify). The surrounding South Los Angeles submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor, anchored by SoFi Stadium and the Hollywood Park mixed-use development. 1017 W 95th Street offers a proven in-place return, near-term upside, and exposure to a submarket where basis at this level is increasingly hard to find.
providing a stabilized return at an attractive basis. Two vacant units at acquisition give an incoming owner an immediate path to push rents toward the $1,985 market average without waiting on turnover.
On-site parking totals 9 spaces (4 tuck-under, 5 carport), and the rear detached carports present a potential ADU conversion opportunity, offering a future owner the
ability to add units and increase density on the site (buyer to verify). The surrounding South Los Angeles submarket continues to benefit from significant private investment tied to the adjacent Inglewood entertainment corridor, anchored by SoFi Stadium and the Hollywood Park mixed-use development. 1017 W 95th Street offers a proven in-place return, near-term upside, and exposure to a submarket where basis at this level is increasingly hard to find.
Property Facts
| Price Per Unit | $207,684 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.69% | Building Size | 7,450 SF |
| Gross Rent Multiplier | 7.66 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1967 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LCR320U - Residential | ||
| Price Per Unit | $207,684 CAD |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| Gross Rent Multiplier | 7.66 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 7,450 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.21/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCR320U - Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 6056-009-031 | Improvements Assessment | $162,841 CAD |
| Land Assessment | $447,839 CAD | Total Assessment | $610,680 CAD |
Property Taxes
Parcel Number
6056-009-031
Land Assessment
$447,839 CAD
Improvements Assessment
$162,841 CAD
Total Assessment
$610,680 CAD
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