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10.81% Cash on Cash 1212 W 107th St 21 Unit Apartment Building $4,695,000 ($223,571/Unit) 7.13% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Day-1 Returns: 10.81% Cash on Cash, 9.38 GRM, 7.13% Cap Rate
- Stable Tenant Base with Proven Cash Flow
- New Windows, New Paint, New Landscape, New Secure Gates, a New Central Water Hater, and a New Solar Water Heating System
- 73% 2 Bedroom Units with Onsite Laundry and Parking
- 13.34% Upside in Net Operating Income
- 19 of 22 Units Have Had Interior Remodel
EXECUTIVE SUMMARY
YoungLewin is pleased to present 22 units located in the heart of Los Angeles.
This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow.
The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum.
Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.
This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow.
The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum.
Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $223,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 7.13% | Building Size | 15,339 SF |
| Gross Rent Multiplier | 7.09 | No. Stories | 2 |
| No. Units | 21 | Year Built/Renovated | 1962/2022 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LCR320U* - 0501 - 5 Or More Apts or Units | ||
| Price | $4,695,000 |
| Price Per Unit | $223,571 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| Gross Rent Multiplier | 7.09 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 15,339 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2022 |
| Parking Ratio | 1.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCR320U* - 0501 - 5 Or More Apts or Units |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,726 | 675 |
| 2+1 | 15 | $1,955 | - |
| 2+2 | 1 | $2,030 | - |
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PROPERTY TAXES
| Parcel Number | 6076-002-020 | Improvements Assessment | $1,695,364 (2025) |
| Land Assessment | $2,543,046 (2025) | Total Assessment | $4,238,410 (2025) |
PROPERTY TAXES
Parcel Number
6076-002-020
Land Assessment
$2,543,046 (2025)
Improvements Assessment
$1,695,364 (2025)
Total Assessment
$4,238,410 (2025)
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10.81% Cash on Cash | 1212 W 107th St
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