162 W 65th Street, Los Angeles, CA 90003
- $1,150,000
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- SB26201104
- Year Built
- 1941
- Lot Size
- 6,690
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 1 unit delivered vacant. The property features a great mix of units, including a VACANT and newly constructed 3 Bed/2 Bath unit, along with three additional units consisting of (1) large 4 Bed/2 Bath front house, (1) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units. The variety of unit mixes and 4 on-site parking spaces in the back of the property makes it attractive to a wide range of renters. Built in 1941, the property totals approximately 3,312 SF on a 6,690 SF lot ($347/SF). Based on market rents, the property has the potential to generate nearly $12,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. Priced at $1,150,000, the property is is currently operating at a 9.17% Cap Rate and 8.19 GRM, with upside potential. 162 W 65th St is well positioned in Los Angeles, CA 90003, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.
Additional Information
- Pool Description
- None
- Heat
- Central
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $140,412
- Operating Expense
- 27887
Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.