162 West 65th Street, Los Angeles, CA 90003
162 West 65th Street, Los Angeles, CA 90003
162 West 65th Street, Los Angeles, CA 90003
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,150,000
Est. payment /mo
3,312 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $347

MLS Listing ID SB-26201104

Year Built 1941

Lot Size 6,690 Sqft

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property Description

162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 1 unit delivered vacant. The property features a great mix of units, including a VACANT and newly constructed 3 Bed/2 Bath unit, along with three additional units consisting of (1) large 4 Bed/2 Bath front house, (1) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units. The variety of unit mixes and 4 on-site parking spaces in the back of the property makes it attractive to a wide range of renters. Built in 1941, the property totals approximately 3,312 SF on a 6,690 SF lot ($347/SF). Based on market rents, the property has the potential to generate nearly $12,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. Priced at $1,150,000, the property is is currently operating at a 9.17% Cap Rate and 8.19 GRM, with upside potential.
162 W 65th St is well positioned in Los Angeles, CA 90003, 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

Area C42 - Downtown L.A.

Interior

Heating Central

Laundry None

Exterior

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks, Suburban, Urban

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner License ID: 01200900

Broker/Owner License ID: 01200900

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162 West 65th Street