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Elite Real Estate Group
info@elitereg805.com$1,725,000
Est. payment /mo
6,708 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26119705
HOA Y/N No
Year Built 1930
Lot Size 6,708 Sqft
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.
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6003032017
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
Nearby Schools & Businesses
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Elite Real Estate Group
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