901 W 64th St, Los Angeles, CA 90044

901 W 64th St, Los Angeles, CA 90044

Los Angeles, CA
$699,000

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.

Property Features

  • Sale Price: $699,000
  • Area Size: 2,905 Sq. Ft.
  • Year Built: 1922
  • Listing Date: 8/24/2022
  • Units: 4
  • Current GRM: 17.92
  • Current Cap Rate: 3.36%
  • Price Per Unit: $174,750
  • Market GRM: 7.37
  • Market Cap Rate: 10.83%
  • Current NOI: $23,492

Lyon Stahl Investment Real Estate

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