1320 W. 97th Street presents a well-located eight-unit multifamily investment offering scale, strong unit mix, and durable rental demand in Los Angeles. Constructed in 1963, the property consists of four (4) spacious one-bedroom/one-bath units and four (4) two-bedroom/one-bath units, totaling approximately 6,332 rentable square feet on a 6,503-square-foot lot. The… Read More balanced unit mix appeals to a broad tenant base and supports stable occupancy and diversified income. The property is located in unincorporated Los Angeles County, which can offer a more favorable regulatory environment compared to certain city-controlled assets. Tenants benefit from ample on-site gated and secure parking and gated access to the property, features that enhance safety, tenant retention, and overall marketability. The surrounding area supports consistent rental demand due to proximity to employment centers, transportation corridors, and neighborhood amenities. This asset is well-suited for investors seeking steady cash flow with value-add upside, whether through interior upgrades, operational efficiencies, or future rent growth as units turn. The property's size, layout, and location make it an attractive long-term hold in a supply-constrained Los Angeles rental market. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
12
Square Ft.
6,111
Lot Size
0.15 Acres
Year Built
1963
MLS Number
26644955
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1963, Living area: 6111.0, 1 building, Levels: MultiSplit, Construction Materials: Stone, WoodSiding
Community
Gated
Fireplaces
None
Foundation
Raised
Heating
WallFurnace
Income
Gross Income: $181,876, Net Operating Income: $126,044
Interior Features
CeilingFans
Laundry
None
Lot
0.1493 acres, Dimensions: 50x130
Parking
6 open parking spaces, 16 total parking spaces, AttachedCarport, Carport
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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