13
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$935,000
Est. payment /mo
10 Baths
4,997 Sqft Lot
New
1139 E 68th Street Los Angeles, CA 90001
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25137843
HOA Y/N No
Lot Size 4,997 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridorsFlorence Ave, Central Ave, the 110 and 105 Freewaysprovides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the areas long- term growth trajectory.
Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridorsFlorence Ave, Central Ave, the 110 and 105 Freewaysprovides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the areas long- term growth trajectory.
Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridorsFlorence Ave, Central Ave, the 110 and 105 Freewaysprovides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the areas long- term growth trajectory.
Location
State CA
County Los Angeles
Area Los Angeles (90001)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $102
Acceptable Financing Cash, Conventional, Exchange
Space Rent $909
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.