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4 Units | Affordable Entry Price 1159 E 64th St 4 Unit Apartment Building $815,000 ($203,750/Unit) 6.54% Cap Rate Los Angeles, CA 90001
EXECUTIVE SUMMARY
We are pleased to present 1159 E 64th St, a well-positioned 4-unit multifamily property in Los Angeles, offered at an attractive 6.54% CAP and 11.01 GRM on current rents, with value-add potential to reach an 10.02% CAP and 7.72 GRM. The property consists of one single story structure totaling 2,088 rentable square feet on a 4,392 SF LCR3YY-zoned lot. Built in 1928, the building features a unit mix of two (2) two-bedroom units and two (2) one-bedroom units. The site also includes street access on both sides of the property from E Gage Avenue and 66th Street. Located just east of the 110 Freeway, the property offers easy access to the Florence and Slauson Light Rail Stations, multiple Metro lines, and nearby neighborhoods including Huntington Park, Walnut Park, South Gate, and Maywood. It's also conveniently situated near Edison Middle School, Public Service Community High School, and Mary M. Bethune Park. For additional information contact the listing broker.
PROPERTY FACTS
| Price | $815,000 | Apartment Style | Garden |
| Price Per Unit | $203,750 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,088 SF |
| Cap Rate | 6.54% | Average Occupancy | 75% |
| Gross Rent Multiplier | 11.01 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1928 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LCR3YY - LCR3YY Zoned Lot with street access on both sides. | ||
| Price | $815,000 |
| Price Per Unit | $203,750 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Gross Rent Multiplier | 11.01 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.10 AC |
| Building Size | 2,088 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | LCR3YY - LCR3YY Zoned Lot with street access on both sides. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,015 | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 6008-016-029 | Improvements Assessment | $334,654 |
| Land Assessment | $245,412 | Total Assessment | $580,066 |
PROPERTY TAXES
Parcel Number
6008-016-029
Land Assessment
$245,412
Improvements Assessment
$334,654
Total Assessment
$580,066
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4 Units | Affordable Entry Price | 1159 E 64th St
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