836-840 W 66th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,200,000 USD
310-729-1559
836-840 W 66th St, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | 5.12% Cap Rate

836-840 W 66th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Great immediate cash flow opportunity with excellent cash on cash return day one
  • Great unit mix consisting of (3) 1 Bed/1 Bath and (8) Studio Units spread out over 3,534 square feet
  • Value add opportunity with huge upside un rents
  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles

OVERVIEW

We are pleased to present this 11 unit opportunity in a great South Los Angeles location, just east of Vermont St and west of Hoover on 66th St. The subject property consists of (8) studio/1 bath units and (3) 1 bedroom/1 bath totaling 3,534 square feet, situated on a 7,150 square foot lot zoned LARD2. The property features secure entry for tenants and a desirable bungalow-style layout. It is conveniently located near the 110 freeway, making it attractive to tenants commuting to major employment hubs. This asset offers investors future upside potential in a dense, supply-constrained rental market, within a location that has experienced tremendous growth in recent years.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

11

PRICE/UNIT

$109,091

CAP RATE

5.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,148 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

6013-010-030

ASK ABOUT THIS PROPERTY

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.

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.