Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
$1,195,000
162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 3 of 4 units delivered vacant. The property features a great mix of units including a large, vacant 4-bedroom/2-bath front house, along with three additional units consisting of… Read More (1) 1-bedroom/1-bath, (1) 2-bedroom/1-bath, and (1) newly constructed 3-bedroom/2-bath unit. The variety of unit sizes makes it attractive to a wide range of renters.
With a majority of the units delivered vacant, the next owner has the flexibility to lease the units at full market rents from day one. Based on market rents, the property has the potential to generate over $11,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow.
The property could also be ideal for an owner-user looking to live in the front house while collecting income from the other units to help offset their mortgage. The property is conveniently located in South Los Angeles with easy access to Downtown LA, USC, and the growing Inglewood area, along with major transportation routes and employment centers throughout the city. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1941
MLS Number
SB26049592
Additional Details
Building
Built in 1941, 2 buildings, 1 storey, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $29,050
Heating
Central
Income
Gross Income: $138,864, Gross ScheduledIncome: $138,864, Net Operating Income: $102,871
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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