1103 W 64th Street, Los Angeles, CA 90044
- $1,725,000
List Agent Aaron Jacobson () 310-729-1559 Lyon Stahl Investment Real Estate, Inc.; CoList ()
- List Price
- $1,725,000
- Status
- ACTIVE
- MLS#
- SB26119705
- Year Built
- 1930
- Lot Size
- 6,709
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 60
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
1103 W 64th St presents an excellent opportunity to acquire a well-located 12-unit multifamily property in South Los Angeles. The property features a desirable unit mix consisting of (7) Studios, (4) 1 bedroom/1 bath units, and (1) 2 bedroom/1 bath unit, currently generating $18,684 in monthly rental income. The asset is currently operating at an 8.14% cap rate and 7.69 GRM, providing investors with strong in place cash flow and stable income. Priced at just $143,750 per unit and $301 per square foot, the offering presents an attractive basis relative to comparable multifamily properties in the area. The property is conveniently located in South Los Angeles, offering easy access to Downtown Los Angeles, USC, as well as major transportation corridors and key employment centers throughout the city.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.