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901 W 64th Street

Los Angeles (City), CA 90044
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • ID#: SB22186712
Under Contract
UPDATED: 48 min ago
$699,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

901 West 64th Street is a four unit apartment complex located in Los Angeles. Constructed in 1922 and sitting on a large 6,197 SF Lot Zoned LAR2. Property consists of one building with (2) 2 Bedroom / 1 Bath and (2) 1 Bedroom / 1 Bath units totaling 2,905 SF. The property line is fully fenced on all 4 sides including the gated entrance with front access. The property has ample on-site parking with 1 car per unit. This investment presents a tremendous value-add opportunity at 7.3 GRM and 10.8% Cap Rate on market rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Property will be sold as is.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-27T00:27:57.883. 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.
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901 W 64th Street Los Angeles (City), CA 90044

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 48 min ago
  • ID#: SB22186712
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1922
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
901 West 64th Street is a four unit apartment complex located in Los Angeles. Constructed in 1922 and sitting on a large 6,197 SF Lot Zoned LAR2. Property consists of one building with (2) 2 Bedroom / 1 Bath and (2) 1 Bedroom / 1 Bath units totaling 2,905 SF. The property line is fully fenced on all 4 sides including the gated entrance with front access. The property has ample on-site parking with 1 car per unit. This investment presents a tremendous value-add opportunity at 7.3 GRM and 10.8% Cap Rate on market rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Property will be sold as is.
Exterior Features

Carport YN Yes Construction Materials Other Fencing Average Condition Foundation Details Slab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 3 Parking Features CarportDriveway Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type Access is Seasonal Roof None Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.4 Common Interest None Community Features Storm Drain(S)Street LightsSidewalks Current Financing None Fuel Expense 0 Garage YN No Gross Income 39000 Gross Scheduled Income 39000 Insurance Expense 1400 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalContract Maintenance Expense 1560 Net Operating Income 23492 New Construction YN No New Taxes Expense 8178 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 14338 Possession Close Of Escrow Property Condition Additions/Alterations Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3250 Trash Expense 0 Vacancy Allowance 1170 Vacancy Allowance Rate 3 Water Sewer Expense 3200 Water Source Public Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-27T00:27:57.883. 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.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)