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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 1,625,000
Est. payment | /mo
6,709 Sqft Lot
$ 1,625,000
Est. payment | /mo
6,709 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26230995
Year Built 1930
Lot Size 6,709 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 6003032017
Special Listing Condition Not Applicable
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