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ResidentialIncome — 1103 W 64th Street, Los Angeles, CA

$1,725,000

1103 W 64th Street, Los Angeles, CA

$1,725,000 — 1103 W 64th Street, Los Angeles, CA — photo 1 $1,725,000 — 1103 W 64th Street, Los Angeles, CA — photo 2 $1,725,000 — 1103 W 64th Street, Los Angeles, CA — photo 3 $1,725,000 — 1103 W 64th Street, Los Angeles, CA — photo 4 $1,725,000 — 1103 W 64th Street, Los Angeles, CA — photo 5
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About this property

1103 W 64th St presents an excellent opportunity to acquire a well-located 12-unit multifamily property in South Los Angeles. The property features a desirable unit mix consisting of (7) Studios, (4) 1 bedroom/1 bath units, and (1) 2 bedroom/1 bath unit, currently generating $18,684 in monthly rental income. The asset is currently operating at an 8.14% cap rate and 7.69 GRM, providing investors with strong in place cash flow and stable income. Priced at just $143,750 per unit and $301 per square foot, the offering presents an attractive basis relative to comparable multifamily properties in the area. The property is conveniently located in South Los Angeles, offering easy access to Downtown Los Angeles, USC, as well as major transportation corridors and key employment centers throughout the city.

Property details

Year built
1930
Property type
ResidentialIncome

Location

1103 W 64th Street • Los Angeles, CA 90044

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Listed by

Aaron Jacobson · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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