1753 West 103rd Street is a triplex made up of (2) 2-bed/1-bath units, (1) 2-bed/2-bath unit and (4) garages in the city of Los Angeles. These three units each have their own address and comprise 1753, 1755 and 1757 W. 103rd Street. Each of the units have inside laundry hookups. These units benefit from forced air heat and air conditioning. This property is located in the in-demand Westmont community of Los Angeles. 3 unit asset offers a very attractive current Cap Rate 5.5% and a Gross Rent Multiplier of 9.35 on pro-forma rents, 5.5% Cap rate and 13.3 Gross Rent Multiplier on current rents. Very compelling for a new or seasoned investor to add to their portfolio. Here's the perfect opportunity for any buyer or owner/user looking to own a piece of one of Southern California’s last affordable properties in such close proximity to Inglewood, Hollywood Park, YouTube Theater, Sofi Stadium and both Hathaway and Washington Golf Courses. The tax assessor has this building at 1,785 square feet and that does not appear accurate. It measures approx 2,580 +/- square feet and buyers are encouraged to measure and verify all details. 1st time on the market in over 50 years! Opportunity knocks, but rarely this loud.
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