1344 W 98th St

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Address: 1344 W 98th St, Los Angeles, California, US
Created date: May 15, 2024
Date last updated: May 18, 2024

Property Description

1344 West 98th is a four-unit value-add South LA property with approx. 52% upside compared to renovated units in the area. Located just north of Century Blvd. and Normandie Ave, the property is approx. 3.0 miles from The Village at Century, SoFi Stadium, Hollywood Park, and The Forum. 1344 West 98th features (4) 1-bdrm. units, across 3 structures, on a 6,256 SF lot zoned LCC3YY. This value-add opportunity is offered at $225,000 per unit and $329 per foot. At projected market rents, 1344 West 98th will stabilize at an 8.12% CAP and 9.44 GRM. Additional property amenities include a community laundry room and (4) 1-car garages that can be converted into ADUs (buyer to verify).

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $900,000
No. of Units: 4
Year Built: 1948
Lot Size: 2,734.00 Sq ft
Opportunity Zone: No
Price per unit: $225,000
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 0
Address: 1344 W 98th St, Los Angeles, CA 90044, USA
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