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$ 925,000
Est. payment /mo
New
125 E 104th ST Los Angeles, CA 90003
10 Beds
5 Baths
2,741 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,741 sqft
Price per Sqft $337
MLS Listing ID 26961201
Bedrooms 10
HOA Y/N No
Year Built 1930
Lot Size 5,641 Sqft
Property Description
We are pleased to present 125 E 104th St, a five-unit multifamily property in the Green Meadows neighborhood of South Los Angeles. The property features a classic fourplex paired with a 2022-built ADU, comprised entirely of spacious 2-bedroom, 1-bathroom units. Offered at $925,000, the property represents an attractive entry point at approximately $185,000 per unit. Priced at a 9.08% CAP rate and 7.61 GRM based on current income, the property offers strong in-place cash flow with meaningful upside potential. Current HACLA Voucher Payment Standards support a potential 11.15% CAP rate and 6.48 GRM as units are leased to voucher holders over time. New ownership has two potential paths to increased income. Rents can be moved toward market as units turn over, or units may be leased to Section 8 voucher holders at HACLA payment standards that frequently meet or exceed market rents in this submarket. With HACLA emerging from shortfall status, voucher issuance resuming, and approximately 2,700 emergency voucher households expected to transition into the regular program this fall, the timing presents an opportunity for future rental upside. At just $185,000 per unit, the property offers one of the lower per-unit bases for a comparable income-producing asset in the market. The uniform unit mix and modern 2022 ADU provide strong occupancy potential, straightforward management, and lower near-term maintenance requirements. The property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, potentially making it an attractive candidate for a cost segregation study to accelerate depreciation deductions in the early years of ownership. Located in South Los Angeles, the property is positioned within a dense, high-demand rental corridor anchored by major employers including Martin Luther King Jr. Community Hospital. The property also offers convenient access to the 110 Harbor Freeway, 105 and 710 Freeways, and the Metro A (Blue) Line, located approximately one mile away.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Natural Gas
Cooling Central Air
Fireplaces Type Bath, Kitchen, Living Room
Fireplace Yes
Appliance Microwave, Refrigerator
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6063016045
Special Listing Condition Standard
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
NEARBY SCHOOL & BUSINESS