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1246 96th Street
Los Angeles, CA 90044
Sold
Cash Cow! Perfect for an Owner User. 7.16% Cap Rate and 10.42 GRM! Can deliver 1 or 2 units vacant at the close of escrow upon buyer's choice. Beautifully remodeled triplex located at 1246 W 96th St, Los Angeles! This gem is comprised of a 4Bed+2Bath House and two 2Bed+1Bath duplex in the back. Both 2Bed+1Bath units are currently vacant and are rent/owner-user ready. Once the property is fully occupied, it will operate at a 7.16% CAP and 10.42 GRM - this is the best cash-flow deal on the market! 1246 W 96th St features stunning remodels, including new floors, cabinets, countertops, bathrooms, appliances, etc. There is also copper plumbing and central AC throughout both buildings, as well as a new roof and washer/dryer hookups on the 4Bed house. All interior work has been done for the new owner making this an extremely low maintenance property ! Plenty of parking throughout - 2 parking spots for each 2Bed units and 6 spots for the 4Bed House. With one of the high CAP rate and lowest GRM on the market, this is the perfect investment for any buyer looking for high cash-flow and low maintenance or a move-in-ready property where your tenants pay your mortgage.
PROPERTY INFORMATION
| MLS # | SB23179711 | Lot Size | 7,154 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,049,000
Price Per SqFt: $ 374 |
DOM | 589 Days |
| Address | 1246 96th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,808 Sq. Ft. |
| Postal Code | 90044 | Garage | N/A |
| County | Los Angeles | Year Built | 1957 |
| Bed / Bath | 8 / 0 | Parking | N/A |
| Built In | 1957 | Status | Closed |
| Sold Date | 2024-01-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,119
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/08/2024 | Sold | $1,040,000 |
| 12/21/2023 | Active Under Contract | $1,049,000 |
| 11/28/2023 | Relisted | $1,049,000 |
| 11/01/2023 | Relisted | $1,075,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
