350 E 105th St, Los Angeles, CA 90003

Property Description

Put your next investment to work with an occupied duplex offering 2018 construction, nine bedrooms, and nearly $100,000 in annual scheduled rental income. Offered at $1,000,000, 350352 E. 105th Street combines substantial residential layouts with an established tenant relationship an attractive opportunity for investors seeking to acquire existing rental operations. The front residence features five bedrooms and three bathrooms, while the rear residence offers another five bedrooms and three bathrooms. These generous configurations provide the space and versatility that distinguish this property from smaller duplex offerings. Separate water meters further complement the property's investment appeal. An established tenant occupies both residences to operate a government-based housing program, with security personnel on site 24 hours a day. Both units are leased on a month-to-month basis, allowing buyers to evaluate continuing the existing arrangement while considering future plans, subject to applicable law and lease terms. The August 2026 rent roll reflects combined scheduled rent of $8,222.14 per month, or $98,665.68 annually, representing an approximately 10.14 gross rent multiplier at the asking price. Preliminary underwriting indicates a projected cap rate of approximately 8.05%, subject to verification of the complete operating expenses and current collections. This estimate uses historical property taxes and estimated insurance; buyers should independently establish NOI and projected returns using their anticipated ownership costs. For the long-term investor, the appeal is straightforward: newer construction, substantial bedroom counts, and an occupied property with rental history to evaluate. For buyers expanding a portfolio or considering a 1031 exchange, this offering presents an opportunity to acquire two spacious residences in a single transaction, with convenient access to the 110 and 105 freeways. Explore the income, review the operating history, and discover the possibilities this Los Angeles duplex offers for your portfolio. Private showings by appointment. Please do not disturb occupants.