3944 W 111th Place

Property Description

A property that checks investor boxes and owner-user dreams tends to sound a little mythical - until you realize this one is very real. From an investment standpoint, the numbers tell a compelling story: projected gross income of $95,400, and even after factoring in a conservative 15% expense ratio, you're looking at approximately an 8.1% cap rate with a GRM of 10.47 - metrics that are virtually unheard of in this market. Three turnkey units FULLY VACANT plus a 60% completed studio bonus unit already in progress, offering immediate income with additional upside. Positioned just eight blocks from SoFi Stadium and Intuit Dome, you're right in the middle of year-round events, concerts, and energy. The setup is ideal for a savvy house hacker or investor. Live in one unit and let the others offset your payment. With a 2-bed/1-bath, 1-bed/1-bath, and a junior ADU already dialed in, the heavy lifting is done. Each unit includes its own washer/dryer, new windows, and efficient mini-splits for comfort and convenience. Major upgrades include a brand-new roof on the rear structure, replaced main sewer line with new concrete, updated electrical panel, EV charger, yard lighting, and security cameras making turnkey truly mean something here. The outdoor space offers room to entertain, relax, and enjoy the SoCal weather, plus parking for 7-8 cars, a rare find in this area. Permits are already pulled for a potential fourth unit, creating even more upside. Between long-term rental income and Airbnb potential thanks to the stadium location, the flexibility here is unmatched. Smart strategy. Flexible living. Built-in opportunity. Opportunities like this, with this level of income and upside, don't last. This might be the move that changes your real estate game.