Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can… Read More also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridors—Florence Ave, Central Ave, the 110 and 105 Freeways—provides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the area’s long- term growth trajectory. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
16
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1927
MLS Number
SB25137843
30 Days Snapshot Of 90001
$535k
-2%
(avg) sold price
3
-50%
homes sold
58
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1927, Building area total: 3,096, Levels: One, 1 story, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Urban
Expenses
Operating expense: $43,437
Income
Gross income: $109,086, Net operating income: $62,377
Laundry
SeeRemarks
Lot
0.1147 acres, 4,997 square feet, Size: 4,997
Pool
None
Property
Zoning: LCR3*
Sewer
PublicSewer
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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