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1114-1120 E 67th St
Los Angeles, CA 90001
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- in close proximity to highway 110
EXECUTIVE SUMMARY
The residential building is a 10-unit income-restricted one-story garden-style complex constructed in 1924 (renovated). The building is comprised entirely of studio apartments with an average of 305 square feet. Tenants qualify based on income restrictions outlined in a Master Rent Subsidy Agreement dated June 9, 2016, between WiGro LLC and Brilliant Corners (BC). This agreement was facilitated through the FHSP (Flexible Housing Subsidy Pool) program, which is funded, in part, by the County of Los Angeles and the DHS (Department Health Services). The Owner elected to reserve the BC Units within the subject for tenants referred to the Owner by BC pursuant to the FHSP.
PROPERTY FACTS
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.98% | Building Size | 3,240 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, L.A. County - Multiple Dwelling | ||
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,240 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | R3, L.A. County - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 300 |
PROPERTY TAXES
| Parcel Number | 6010-007-006 | Improvements Assessment | $372,892 |
| Land Assessment | $686,600 | Total Assessment | $1,059,492 |
PROPERTY TAXES
Parcel Number
6010-007-006
Land Assessment
$686,600
Improvements Assessment
$372,892
Total Assessment
$1,059,492
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