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Property Description

Prime 4 unit in South Central LA! 100% Occupied and listed at 11.76 GRM and 6.12% CAP Rate! Two units are 1Br + 1Ba units, and two units are 2Br + 1Ba units. Street parking only. Over $6,000 in current monthly income, with about 40% upside in rents. Separately metered for gas and electricity and separate hot water heaters. Located on Gage between Central and Hooper, which is Unincorporated Los Angeles County. The property is only subject to County of Los Angeles rent control. Just around the corner from El Super, Starbucks, Gamestop, Fashion Q, La Pizza Loca, Subway, Tams, Chase Bank, and Carls Jr, and many more. This is a densely populated area of LA that is always easy to rent in, with excellent schools, Bethune Park, and nearby amenities and transportation nearby. Look far and wide, you will be hard pressed to find a 4 unit under $1M with average rents over $1,500/mo! Act fast!

Features
: Wall Furnace
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Additional Information
Equity Union
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CLW-X95361
CLW-X7252104
Nicole
6008016029
: Standard
One
32

Multi-Family For Sale

1159 64th Street, Los Angeles, California 90001

2,088 Sqft
$850,000
Listing ID #24403669
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24403669
Price : $850,000
Living Area : 2,088 Sqft
Lot Size : 4,392 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90001
Price Per Square Foot : $407
ModificationTimestamp : 2024-06-25 05:06:30
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