Skip To Content

1130 E 64th Street

Los Angeles (City), CA 90001
  • $975,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • ID#: SB22157419
Under Contract
UPDATED: 121 min ago
$975,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2008
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

Completely rebuilt from the studs in 2008, 1130 E 64th St isa stunning value-add 6-unit apartment fit for anyinvestor looking to capitalize on a growing submarket ofLos Angeles. The property features new plumbing,electrical, roof and interiors. There are also new tanklesswater heaters, dual pane windows, stucco and exteriorpaint. The laundry units are also owned by the landlord.Located in a primarily residential neighborhood, 1130 E64th brings an investor the opportunity to purchase alow-maintenance, cash flowing asset with over 35%upside in rents available.1130 E 64th St is is located in the 90001 zip code and ispriced at a 13.73 GRM and a 4.61% cap rate. 1130 E 64th Sthas a unit mix of (1) detached 3Bed/1Bath & (5) studiounits. This property has the potential to operate at a10.20% cap rate and 7.67 GRM once units are rented formarket.The subject property is walking distance from many localrestaurants and grocery markets. 1130 E 64th St is just 5miles away from both USC and Sofi Stadium.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/131281858
Print Image

1130 E 64th Street Los Angeles (City), CA 90001

  • Price: $975,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 121 min ago
  • ID#: SB22157419
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2008
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Completely rebuilt from the studs in 2008, 1130 E 64th St isa stunning value-add 6-unit apartment fit for anyinvestor looking to capitalize on a growing submarket ofLos Angeles. The property features new plumbing,electrical, roof and interiors. There are also new tanklesswater heaters, dual pane windows, stucco and exteriorpaint. The laundry units are also owned by the landlord.Located in a primarily residential neighborhood, 1130 E64th brings an investor the opportunity to purchase alow-maintenance, cash flowing asset with over 35%upside in rents available.1130 E 64th St is is located in the 90001 zip code and ispriced at a 13.73 GRM and a 4.61% cap rate. 1130 E 64th Sthas a unit mix of (1) detached 3Bed/1Bath & (5) studiounits. This property has the potential to operate at a10.20% cap rate and 7.67 GRM once units are rented formarket.The subject property is walking distance from many localrestaurants and grocery markets. 1130 E 64th St is just 5miles away from both USC and Sofi Stadium.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.41 Common Interest Community Apartment Community Features BikingCurbsDog ParkGolfParkSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 79488 Gross Scheduled Income 79488 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 52764 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 24339 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lcr3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369376740-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369376740-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369376740-1.jpg
Logo
Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)