1005-1009 & 1017 W 95TH ST 2 Multifamily Properties Offered at $2,100,000 in Los Angeles, CA

The Neema Group of Marcus & Millichap is pleased to present 1005–1009 & 1017 W 95th Street, a unique multi-parcel investment opportunity in South Los Angeles. The offering
consists of two contiguous parcels totaling approximately 19,545 square feet of land, comprising a 9-unit multifamily building, a duplex, a single-family residence, and a vacant
parking lot. The 9-unit building at 1017 W 95th sits on a 9,228 SF parcel with 7,450 SF of building area, while the adjacent parcel at 1005–1009 W 95th spans 10,317 SF and includes the duplex, single-family home (3,096 SF combined), and a vacant parking lot. The combined unit mix across the offering consists of (1) 1Bed+1Bath, (10) 2Bed+1Bath, and (1) 5Bed+1Bath House; a configuration that provides diversified rental demand and broad tenant appeal.
The combined cap rate across both parcels is 7.70%, offering an attractive, stabilized return at a basis that is difficult to replicate in today’s market. The parking lot presents an
immediate and low-capital path to incremental income, whether leased to area businesses, rented to existing tenants, or reserved for future use. In addition, the 9-unit building features 9 on-site parking spaces (4 tuck-under, 5 carport), and the single-family residence at 1009 W 95th includes a large side driveway with capacity for 4 or more vehicles, a meaningful amenity in a market where parking commands real value. The properties are situated in South Los Angeles, a submarket experiencing sustained momentum driven by major infrastructure investment and large-scale development in the surrounding area. This level of transit connectivity is increasingly rare at this price point and represents a meaningful long-term demand driver for the asset.
This presents rare opportunity to acquire a versatile, income producing asset with multiple paths to enhanced returns in an accelerating submarket. The combination of a strong in-place cap rate, underutilized parking upside, and best-in-class transit access makes this a compelling addition to any portfolio.