304 E 95th St
Multifamily | 10.4% CAP | 6 Units
Marketing description
Reduced for optimal value! Prime investment opportunity in a sought-after pocket of South Los Angeles: 304 E 95th Street is a high-yield six-unit asset offering immediate upside with five of the six units delivered vacant (sixth unit optional), allowing a new owner to set market rents immediately without tenant relocation. The property consists entirely of spacious two-bedroom floor plans, a unit mix that is highly desirable for local families and Section 8 voucher holders. The building is Section 8-approved and ready for immediate leasing. The property is situated in a stable, family-centric neighborhood immediately neighboring 93rd Street Elementary School. This specific location benefits from enhanced street safety and a more desirable atmosphere, making it attractive to long-term tenants. Some photos are virtually staged.
Investment highlights
- Premium Location & Safety: Located directly adjacent to Ninety-Third Street Elementary School (just 0.1 miles away). This proximity creates a naturally safer, quieter, and more family-oriented street environment compared to surrounding blocks.
- High-Value Vacancy: 5 of the 6 units are delivered vacant, with the 6th unit also potentially available. This allows for immediate placement of market-rate tenants without the delays or costs of relocation.
- Desirable Unit Mix: All units are spacious 2-Bedroom layouts (mix of 1 Bath and 1.5 Baths). This specific unit type is in high demand for families and rarely available in this submarket.
- Section 8 Approved & Turnkey: The building is Section 8 approved and units are in good condition. You can place voucher holders immediately for guaranteed government-backed income from day one.
- Strong Financials: At a conservative $2,900/month rent (supported by previous leases at $2,950), the property operates at a 10.4% Cap Rate with $146k+ in Net Operating Income.
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