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Los Angeles, CA 90044 1344 W 98th Street

$900,000

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Presented By: Max Berger with Compass;
  • MLS# 24367725
  • 03/12/2024
  • Request Tour
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  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 2,734
  • GarageGarage • 4

Home Details

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).
Presented By: Max Berger with Compass;

Interior Features for 1344 W 98th Street

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

General for 1344 W 98th Street

Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate4.48
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
Days on Market8
DirectionsLocated one block north of the intersection of Century Blvd. and Normandie Ave, and 0.5 miles from Jesse Owens Park
Garage Spaces4.0
Garage Y/NYes
Gross Income63360.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6256.0
MLS AreaC36 - Metropolitan Southwest
MobileHomeRemainsYNNo
Net Operating Income40350.0
New ConstructionNo
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name98th
Total Units4
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLCC3YY

Exterior for 1344 W 98th Street

Building Area Total2734.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1436
Lot Size Area6256.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $900,000
MLS#24367725
List Date 03/12/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors