Properties
Los Angeles, CA 90044 1103 W 64th
$1,795,000
1 more
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Baths • 1
SQFT • 5,716
Home Details
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 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.
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Interior Features for 1103 W 64th
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1103 W 64th
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate8.14
CityLos Angeles
Community FeaturesCurbs, Suburban, Sidewalks, Urban
CountyLos Angeles
DirectionsSouth of Gage Ave, between Vermont Ave and Budlong Ave
Electric Expense
Entry LocationFront
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income227592
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional, Contract
Lot Size Square Feet6709
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income146115
New ConstructionNo
Number Of Units Total12
Open Parking Spaces6
Operating Expense74650
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot15
Trash Expense0
Water Sewer Expense0
Year Built1930
Year Built SourceAssessor
Exterior for 1103 W 64th
Building Area Total5716
Lot Features0-1 Unit/Acre
Lot Size Acres0.154
Lot Size Area6709
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
