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$ 1,625,000
Est. payment | /mo
1 Bed
4 Baths
6,709 Sqft Lot
$ 1,625,000
Est. payment | /mo
1 Bed
4 Baths
6,709 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26230995
Bedrooms 1
Lot Size 6,709 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8.44% CAP RATE & 7.40 GRM!! 1103 W 64th St is a 12-unit multifamily investment opportunity in Los Angeles, offered at $1,625,000 ($135,417/unit), reflecting a 8.44% current cap rate and a 7.40 GRM. Pro forma rents reflect a 11.71% increase in scheduled income, highlighting meaningful value-add upside. Built in 1930, the property totals approximately 5,716 SF on a 6,709 SF lot ($284/SF). The property features a unit mix of (7) Studio, (4) 1- Bed/1-Bath, (1) 2-Bed/1-Bath, with 6 on-site parking spaces. 1103 W 64th St is well positioned in Los Angeles, CA 90044, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.
Location
State CA
County Los Angeles
Zoning Assessor
Direction west of Vermont Ave and south of Gage Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6003032017
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
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