8-Unit Apartment
1038 W 104th Street, Los Angeles, CA 90044
For Sale
$2,100,000
Eight apartments offer a mix of one- and two-bedroom layouts with established tenancy and access to the 110 Harbor Freeway.
Property Size5,550 SF
Lot Size0.20 Acres
Price / SF$378.38
Days on Market53
Property Features for 1038 W 104th Street
General Information
Standard status
Size
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
401K Realty
Listed By:
JULIUS WARD · License #01394172
(310) 562-2361
Source:
Truthrealty
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 8 at 1:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 401K Realty
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Investment Insights
Based on property information with market context.
This 1965 apartment property contains 8 units within a 5,550-square-foot building on an approximately 8,654-square-foot lot. The unit mix includes six 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, providing a varied residential configuration within a compact multifamily asset. Established tenancy and consistently strong occupancy support its income-producing profile, with a 6.8% cap rate and 10.9 GRM.
Access to the 110 Harbor Freeway connects the property with South Los Angeles and surrounding areas. The location is also near SoFi Stadium, Intuit Dome, and the Hollywood Park entertainment district. Woodcrest Elementary School is approximately 0.3 miles away, while George Washington Preparatory High School is approximately 0.7 miles from the property.
Access to the 110 Harbor Freeway connects the property with South Los Angeles and surrounding areas. The location is also near SoFi Stadium, Intuit Dome, and the Hollywood Park entertainment district. Woodcrest Elementary School is approximately 0.3 miles away, while George Washington Preparatory High School is approximately 0.7 miles from the property.
Key Highlights
- 8‑unit apartment property with six 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 5,550‑square‑foot building on an approximately 8,654‑square‑foot lot
- 1965 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,304
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,080
$1.8M
Cap Rate 7%
$1,275,771
$1.3M
Cap Rate 9%
$992,267
$992.3K
Market Conditions
NOI Build-Up for 5,550 SF
Gross rent
$176.5K $31.80/SF
− Vacancy
−$14.1K −$2.54/SF
EGI
$162.4K $29.26/SF
− OpEx
−$73.1K −$13.17/SF
NOI
$89.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,080
Cap Rate 7%
$1,275,771
Cap Rate 9%
$992,267
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,304 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,288 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight apartments offer a mix of one- and two-bedroom layouts with established tenancy and access to the 110 Harbor Freeway.
Where is this apartment building located?
The property is located at 1038 W 104th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8‑unit apartment property with six 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 5,550‑square‑foot building on an approximately 8,654‑square‑foot lot; 1965 construction
