1130 E 64th St, Los Angeles, CA 90001

1130 E 64th St, Los Angeles, CA 90001

Los Angeles, CA

Property Description


  • Completely rebuilt in 2008- new plumbing, electric, roof, dual pane windows, tankless water heaters, stucco, paint and interiors
  • Value-add opportunity with substantial upside- over 35% upside once units are rented for market
  • (1) Detached 3Bed/1Bath & (5) Studio units priced at only $162k/unit
  • Great cash-flow, low maintenance 6 unit building located in a primarily residential neighborhood
  • Will operate at 10.20% CAP and 7.67 GRM
  • 7 Parking Spots onsite; Laundry is owned by landlord


Completely rebuilt from the studs in 2008, 1130 E 64th St is a stunning value-add 6-unit apartment fit for any investor looking to capitalize on a growing submarket of Los Angeles. The property features new plumbing, electrical, roof and interiors. There are also new tankless water heaters, dual pane windows, stucco and exterior paint. The laundry units are also owned by the landlord. Located in a primarily residential neighborhood, 1130 E 64th brings an investor the opportunity to purchase a low-maintenance, cash flowing asset with over 35% upside in rents available.
1130 E 64th St is is located in the 90001 zip code and is priced at a 13.73 GRM and a 4.61% cap rate. 1130 E 64th St has a unit mix of (1) detached 3Bed/1Bath & (5) studio units. This property has the potential to operate at a 10.20% cap rate and 7.67 GRM once units are rented for market.
The subject property is walking distance from many local restaurants and grocery markets. 1130 E 64th St is just 5 miles away from both USC and Sofi Stadium.

Property Features

  • Sale Price: $925,000
  • Area Size: 2,388 Sq. Ft.
  • Land Area: 8,046 Sq. Ft.
  • Year Built: 2008
  • Listing Date: 7/26/2022
  • Closing Date: 11/10/2022
  • Units: 6
  • Current GRM: 13.73
  • Current Cap Rate: 4.61%
  • Price Per Unit: $162,500.00
  • Market GRM: 7.67
  • Market Cap Rate: 10.20%
  • Current NOI: $44,948.00

Lyon Stahl Investment Real Estate

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