ResidentialIncome — 1139 E 68th Street, Los Angeles, CA
$799,000
1139 E 68th Street, Los Angeles, CA
About this property
We are pleased to present a 10-unit apartment community located on 1139 E 68th St in the heart of Los Angeles for an extremely low $79,900 per unit! The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of working-class tenants in the neighborhood that is easily accessible to a number of metro bus stops. The building currently operates at a 7.57 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 5.12 GRM on pro forma rents. The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with 3 units VACANT. Contact the listing broker for additional information.
Property details
Location
1139 E 68th Street • Los Angeles, CA 90001
Listed by
Casey Lins · Kidder Mathews of California, Inc.