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162 W 65th St - 162 W 65th St Los Angeles, CA 90003 4 Unit Apartment Building Offered at $1,195,000 at a 8.61% Cap Rate Los Angeles, CA 90003
Investment Highlights
- Desirable unit mix, consisting of (1) 1 Bed/1 Bath, (1) 2 Bed/1 Bath, (1) 3 Bed/2 Bath, and (1) 4 Bed/2 Bath front house, with 3 of 4 units delivered
- Conveniently located in South Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs
- The property sits on a 6,690 Square Foot lot, and measures at over 3,300 Square Feet
Executive Summary
162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 3 of 4 units delivered vacant. The property features a great mix of units including a large, vacant 4-bedroom/2-bath front house, along with three additional units consisting of (1) 1-bedroom/1-bath, (1) 2-bedroom/1-bath, and (1) newly constructed 3-bedroom/2-bath unit. The variety of unit sizes makes it attractive to a wide range of renters.
With a majority of the units delivered vacant, the next owner has the flexibility to leas the units at full market rents from day one. Based on market rents, the property has the potential to generate over $11,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. The property could also be ideal for an owner-user looking to live in the front house while collecting income from the other units to help offset their mortgage.
With a majority of the units delivered vacant, the next owner has the flexibility to leas the units at full market rents from day one. Based on market rents, the property has the potential to generate over $11,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. The property could also be ideal for an owner-user looking to live in the front house while collecting income from the other units to help offset their mortgage.
Property Facts
| Price | $1,195,000 | No. Units | 4 |
| Price Per Unit | $298,750 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,312 SF |
| Cap Rate | 8.61% | No. Stories | 1 |
| Gross Rent Multiplier | 8.61 | Year Built | 1941 |
| Zoning | R2-1 | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| Gross Rent Multiplier | 8.61 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,312 SF |
| No. Stories | 1 |
| Year Built | 1941 |
| Zoning | R2-1 |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 6012-001-033 | Improvements Assessment | $224,194 |
| Land Assessment | $437,456 | Total Assessment | $661,650 |
Property Taxes
Parcel Number
6012-001-033
Land Assessment
$437,456
Improvements Assessment
$224,194
Total Assessment
$661,650
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162 W 65th St - 162 W 65th St Los Angeles, CA 90003
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