162 W 65th St - Multi-Family FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,195,000 USD
310-729-1559
162 W 65th St, Los Angeles, CA for Sale
$1,195,000 USD
Multi-Family - FOR SALE
1/32
null | 8.61% Cap Rate

162 W 65th St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • Desirable unit mix, consisting of (1) 1 Bed/1 Bath, (1) 2 Bed/1 Bath, (1) 3 Bed/2 Bath, and (1) 4 Bed/2 Bath front house, with 3 of 4 units delivered
  • The property sits on a 6,690 Square Foot lot, and measures at over 3,300 Square Feet
  • Conveniently located in South Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs

OVERVIEW

162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 3 of 4 units delivered vacant. The property features a great mix of units including a large, vacant 4-bedroom/2-bath front house, along with three additional units consisting of (1) 1-bedroom/1-bath, (1) 2-bedroom/1-bath, and (1) newly constructed 3-bedroom/2-bath unit. The variety of unit sizes makes it attractive to a wide range of renters. With a majority of the units delivered vacant, the next owner has the flexibility to leas the units at full market rents from day one. Based on market rents, the property has the potential to generate over $11,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. The property could also be ideal for an owner-user looking to live in the front house while collecting income from the other units to help offset their mortgage.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

8.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

162 W 65th St Los Angeles, CA 90003

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2-1

APN/PARCEL ID

6012-001-033

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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