2056 W 67th St - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$675,000 USD
818-212-2694
2056 W 67th St, Los Angeles, CA for Sale
$675,000 USD
Apartments - FOR SALE
1/11
null | 4.79% Cap Rate

2056 W 67th St
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • 2 Separate and Detached Units
  • Potential Owner/User Opportunity
  • Individually Metered for Gas & Electricity
  • Potential ADU Conversion (Buyer to Verify)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 2056 W 67th Street, a fully occupied duplex located in the Van Ness neighborhood of South Los Angeles. The property presents an attractive opportunity to acquire a multifamily asset with stable in-place occupancy and future upside potential or the opportunity to operate as owner/user by moving into one of the units. In either case, there is the potential opportunity to add an ADU for additional income (Buyer to verify). Built in 1925, the property features three structures including two separate units and one 2-car detached garage. The 1,465 square feet of building area includes a front 2-bedroom /1-bathroom unit and a rear 1-bedroom /1-bathroom unit with private access, creating separation and functionality between occupants. The rear unit has benefited from recent interior improvements including updated flooring, cabinetry, and additional cosmetic enhancements. The property is individually metered for gas and electricity, providing operational efficiency and simplified utility management. Located three blocks west of S. Western Ave. and four block north of W. Florence Ave, the property is ideally positioned in South Los Angeles and benefits from proximity to major public transportation, educational institutions, and transportation corridors, providing convenient access throughout Los Angeles.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

2

PRICE/UNIT

$337,500

CAP RATE

4.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR1

APN/PARCEL ID

6016-021-019

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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