2056 W 67th St 2 Unit Apartment Building $675,000 ($337,500/Unit) 4.79% Cap Rate Los Angeles, CA 90047

Marcus & Millichap is pleased to present the opportunity to acquire 2056 W 67th Street, a fully occupied duplex located in the Van Ness neighborhood of South Los Angeles. The property presents an attractive opportunity to acquire a multifamily asset with stable in-place occupancy and future upside potential or the opportunity to operate as owner/user by moving into one of the units. In either case, there is the potential opportunity to add an ADU for additional income (Buyer to verify).
Built in 1925, the property features three structures including two separate units and one 2-car detached garage. The 1,465 square feet of building area includes a front 2-bedroom /1-bathroom unit and a rear 1-bedroom /1-bathroom unit with private access, creating separation and functionality between occupants. The rear unit has benefited from recent interior improvements including updated flooring, cabinetry, and additional cosmetic enhancements.
The property is individually metered for gas and electricity, providing operational efficiency and simplified utility management.
Located three blocks west of S. Western Ave. and four block north of W. Florence Ave, the property is ideally positioned in South Los Angeles and benefits from proximity to major public transportation, educational institutions, and transportation corridors, providing convenient access throughout Los Angeles.