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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 1,725,000
Est. payment /mo
Active
1103 W 64th ST Los Angeles, CA 90044
6,709 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26119705
Year Built 1930
Lot Size 6,709 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 6003032017
Special Listing Condition Not Applicable
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