811 W 97th Street
Property Overview
8.35% CAP & 8.52 GRM! We are pleased to offer this ten unit investment opportunity, located in the City of Los Angeles. This 10-unit multi-family property features a well-balanced unit mix of six 1-bedroom/1-bath units and four 2-bedroom/1-bath units, all of which have been recently renovated. The property benefits from strong in-place fundamentals supported by consistent rental demand in one of Los Angeles' most established rental markets. Recent capital improvements include newer exterior paint, upgraded exterior lighting, and new building and unit numbering, enhancing curb appeal and tenant experience. Each unit is separately metered for gas and electricity, providing operational efficiency and long-term expense control. The property also offers a large on-site parking area with 10 spaces, a valuable amenity in a dense urban environment.
Home Details
- Property type
- Residential Income
- Year built
- 1958
- Living area
- 6,670 sq ft
- Lot size
- 10,000 sq ft
- Parking
- 10 spaces
- Stories
- 2
- Days on market
- 84
- MLS status
- Active
- Zoning
- LARD2
Features & Amenities
Interior
- Ceiling Fans
Parking
- Concrete
Location & Neighborhood
Frequently Asked Questions About 811 W 97th Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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