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… Read More 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. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
3,462
Lot Size
0.12 Acres
Year Built
1962
MLS Number
26644939
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1962, Living area: 3462.0, 1 building, Building faces North, 2 stories, Levels: MultiSplit, Entry location: Ground Level - no steps, Construction Materials: Stone, WoodSiding
Fireplaces
None
Foundation
Raised
Garage
4 spaces
Heating
WallFurnace
Income
Gross Income: $114,552, Net Operating Income: $84,225
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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