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836-840 W 66th St 11 Unit Apartment Building $1,200,000 ($109,091/Unit) 5.12% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Great immediate cash flow opportunity with excellent cash on cash return day one
- Value add opportunity with huge upside un rents
- Great unit mix consisting of (3) 1 Bed/1 Bath and (8) Studio Units spread out over 3,534 square feet
- Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles
EXECUTIVE SUMMARY
We are pleased to present this 11 unit opportunity in a great South Los Angeles location, just east of Vermont St and west of Hoover on 66th St. The subject property consists of (8) studio/1 bath units and (3) 1 bedroom/1 bath totaling 3,534 square feet, situated on a 7,150 square foot lot zoned LARD2. The property features secure entry for tenants and a desirable bungalow-style layout. It is conveniently located near the 110 freeway, making it attractive to tenants commuting to major employment hubs. This asset offers investors future upside potential in a dense, supply-constrained rental market, within a location that has experienced tremendous growth in recent years.
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $109,091 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.12% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 10.76 | Building Size | 3,318 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1923 |
| Zoning | R3-1, Los Angeles - Multiple Dwelling | ||
| Price | $1,200,000 |
| Price Per Unit | $109,091 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,318 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | R3-1, Los Angeles - Multiple Dwelling |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 6013-010-030 | Improvements Assessment | $255,616 |
| Land Assessment | $812,407 | Total Assessment | $1,068,023 |
PROPERTY TAXES
Parcel Number
6013-010-030
Land Assessment
$812,407
Improvements Assessment
$255,616
Total Assessment
$1,068,023
CONTACTS
-
Aaron Jacobson -
Will James -
Peter James -
Taylor Avakian -
Lyon Stahl Investment Real Estate
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836-840 W 66th St
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