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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,150,000

Est. payment - /mo

6,690 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26201104

HOA Y/N No

Year Built 1941

Lot Size 6,690 Sqft

Property Sub-Type Apartment

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

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6012001033

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

NEARBY SCHOOL & BUSINESS

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162 W 65th ST Los Angeles, CA 90003