1139 E 68th St, Los Angeles, CA 90001
1139 E 68th St, Los Angeles, CA 90001
1139 E 68th St, Los Angeles, CA 90001
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$799,000
Est. payment /mo
10 Baths
3,096 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,096 sqft

Price per Sqft $258

MLS Listing ID 25605823

Year Built 1927

Lot Size 4,997 Sqft

Acres 0.1147

Property Sub-Type Multi-Family

Property Description

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 $79,900 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 7.57 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 5.12 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 3 units VACANT. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LCR3*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features None

Building

Lot Description Single Lot

Story 1

Level or Stories One

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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