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We are pleased to present 1455 W 106th Street, a 6-unit multifamily investment opportunity in the unincorporated Los Angeles submarket (90047). Built in 1955, the property features a desirable unit mix of (1) 3 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (4) 1 Bed / 1 Bath units, totaling approximately 3,821 square feet on an oversized 8,506 square foot lot. The expansive lot provides ample on-site parking, a highly sought-after amenity in this parking-constrained submarket. Tenants pay for gas and electricity, and the property benefits from on-site laundry generating additional income. Offered at a 6.38% CAP rate and 9.91 GRM on current rents, with upside to an 8.75% market CAP rate and 7.95 market GRM, the property presents a compelling value-add opportunity with strong in-place cash flow and significant rental upside. Additionally, the property has undergone significant electrical upgrades in recent years, helping reduce near-term capital expenditure risk.
| Last Updated | 4/27/2026 | Year Built | 1955 |
|---|---|---|---|
| Community | C36 - Metropolitan Southwest | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | C36 - Metropolitan Southwest |
| HEAT | Wall Furnace |
| LOT | 8507 sq ft |
| LOT DIMENSIONS | 8506 |
| PARKING | On Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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