Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
$1,195,000
*UPDATED FINANCIALS | 9.01% CAP RATE*
162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 2 of 4 units delivered tenant ready. The property features a great mix of units including a large 4-bedroom/2-bath front house, along with… Read More three additional units consisting of (1) 1-bedroom/1-bath, (1) 2- bedroom/1-bath, and (1) newly constructed 3-bedroom/2-bath unit. The variety of unit sizes and 4 parking spaces in the back of the property makes it attractive to a wide range of renters. With only 2 of 4 units being occupied, the next owner has the flexibility to lease the remaining units at full market rents from day one. Based on market rents, the property has the potential to generate about $12,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. 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
48
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: $143,952, Gross ScheduledIncome: $143,952, Net Operating Income: $107,705
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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