Property Details
Executive Summary
§ The Neema Group of Marcus & Millichap is pleased to present 1017 W 95th Street, a value-add multi-family investment opportunity in South Los Angeles. The offering consists of a 9-unit multifamily building on a 9,228 SF parcel.
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The unit mix consists of (1) 1Bed+1Bath and (8) 2Bed+1Bath units. There is one current vacancy and another expected to be delivered vacant at COE.
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The current cap rate is 7.69% with a GRM of 7.66, offering an attractive, stabilized return at a basis that is difficult to replicate in today’s market.
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The building features 9 on-site parking spaces (4 tuck- under, 5 carport) – a meaningful amenity in a market where parking commands real value.
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Rear detached carports present a potential ADU conversion opportunity, offering a future owner the ability to add units and increase density on the site (buyer to verify).
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The property is situated in South Los Angeles, a submarket experiencing sustained momentum driven by major infrastructure investment and large-scale development in the surrounding area. This level of transit connectivity is increasingly rare at this price point and represents a meaningful long-term demand driver for the asset.
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The combination of an in-place cap rate above market comparables, immediate rent upside, and parking and ADU flexibility makes this a compelling value-add acquisition in an accelerating submarket.
