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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,625,000
Est. payment /mo
5,716 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,716 sqft
Price per Sqft $284
MLS Listing ID SB-26230995
Year Built 1930
Lot Size 6,709 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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.
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
Area C34 - Los Angeles Sw
Interior
Laundry None
Exterior
Garage Spaces 6.0
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
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900