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$96,000 Per Unit! 1139 E 68th St 10 Unit Apartment Building $960,000 ($96,000/Unit) 6% Cap Rate Los Angeles, CA 90001
EXECUTIVE SUMMARY
We are pleased to present a 10-unit apartment community located on 1139 E 68th St in the heart of Los Angeles for an extremely low $96,000 per unit!
The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of working-class tenants in the neighborhood that is easily accessible to a number of metro bus stops.
The building currently operates at a 9.42 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 6.15 GRM on pro forma rents.
The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with one (1) unit VACANT. Contact the listing broker for additional information.
The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of working-class tenants in the neighborhood that is easily accessible to a number of metro bus stops.
The building currently operates at a 9.42 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 6.15 GRM on pro forma rents.
The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with one (1) unit VACANT. Contact the listing broker for additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$57,249
|
$11.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $57,249 |
| Annual Per SF | $11.23 |
PROPERTY FACTS
| Price | $960,000 | Apartment Style | Low-Rise |
| Price Per Unit | $96,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6% | Building Size | 5,096 SF |
| Gross Rent Multiplier | 9.42 | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LCR3 - 4,997 SF LCR3 Zoned Midblock Lot. | ||
| Price | $960,000 |
| Price Per Unit | $96,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 9.42 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,096 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | LCR3 - 4,997 SF LCR3 Zoned Midblock Lot. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $797.50 | 300 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 6010-007-022 | Improvements Assessment | $1,107,708 (2025) |
| Land Assessment | $334,654 (2025) | Total Assessment | $1,442,362 (2025) |
PROPERTY TAXES
Parcel Number
6010-007-022
Land Assessment
$334,654 (2025)
Improvements Assessment
$1,107,708 (2025)
Total Assessment
$1,442,362 (2025)
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$96,000 Per Unit! | 1139 E 68th St
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