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$ 990,000
Est. payment /mo
Price Dropped by $10K
350 E 105th ST Los Angeles, CA 90003
10 Beds
6 Baths
3,706 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,706 sqft
Price per Sqft $267
MLS Listing ID 26104058
Bedrooms 10
HOA Y/N No
Year Built 2018
Lot Size 5,401 Sqft
Property Description
Put your next investment to work with an occupied duplex offering 2018 construction, nine bedrooms, and nearly $100,000 in annual scheduled rental income. Offered at $1,000,000, 350352 E. 105th Street combines substantial residential layouts with an established tenant relationship an attractive opportunity for investors seeking to acquire existing rental operations. The front residence features five bedrooms and three bathrooms, while the rear residence offers another five bedrooms and three bathrooms. These generous configurations provide the space and versatility that distinguish this property from smaller duplex offerings. Separate water meters further complement the property's investment appeal. An established tenant occupies both residences to operate a government-based housing program, with security personnel on site 24 hours a day. Both units are leased on a month-to-month basis, allowing buyers to evaluate continuing the existing arrangement while considering future plans, subject to applicable law and lease terms. The August 2026 rent roll reflects combined scheduled rent of $8,222.14 per month, or $98,665.68 annually, representing an approximately 10.14 gross rent multiplier at the asking price. Preliminary underwriting indicates a projected cap rate of approximately 8.05%, subject to verification of the complete operating expenses and current collections. This estimate uses historical property taxes and estimated insurance; buyers should independently establish NOI and projected returns using their anticipated ownership costs. For the long-term investor, the appeal is straightforward: newer construction, substantial bedroom counts, and an occupied property with rental history to evaluate. For buyers expanding a portfolio or considering a 1031 exchange, this offering presents an opportunity to acquire two spacious residences in a single transaction, with convenient access to the 110 and 105 freeways. Explore the income, review the operating history, and discover the possibilities this Los Angeles duplex offers for your portfolio. Private showings by appointment. Please do not disturb occupants.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Parking Features Door-Multi, Door-Single, Driveway, Garage
Total Parking Spaces 3
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6063022016
Special Listing Condition Standard
Listed by Donny Adams Keller Williams Hollywood Hills #02178733