Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
$1,795,000
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 $18,966 in monthly rental income. The asset… Read More is currently operating at an 8.14% cap rate and 7.89 GRM, providing investors with strong in place cash flow and stable income. Priced at just $149,583 per unit and $314 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.15 Acres
Year Built
1930
MLS Number
SB26057261
Additional Details
Building
Built in 1930, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $74,650
Income
Gross Income: $227,592, Gross ScheduledIncome: $227,592, Net Operating Income: $146,115
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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