1139 E 68th St - Apartments FOR SALE


Los Angeles, CA 90001- Florence-Graham
$990,000 USD
213-225-7223
1139 E 68th St, Los Angeles, CA for Sale
$990,000 USD
Apartments - FOR SALE
1/10
null | 5.78% Cap Rate

1139 E 68th St
Los Angeles, CA 90001
Florence-Graham


OVERVIEW

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 $99,000 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 9.71 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 6.35 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 one (1) unit VACANT. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

10

PRICE/UNIT

$99,000

CAP RATE

5.78%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$99,000 Per Unit!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,997 SF

ZONING

LCR3

APN/PARCEL ID

6010-007-022

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.