3018 W 67th St - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$6,250,000 USD
213-233-4363
3018 W 67th St, Los Angeles, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/9
null | 6.18% Cap Rate

3018 W 67th St
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Attractive Mix of 2 (3 bd + 2 ba), 23 (2 bd + 1 ba) and 10 (1 bd + 1 ba) Units
  • Priced to Sell! | $178,000 Per Unit
  • Enormous Floor Plans | 29,504 Sq Ft Building Size
  • Recent Renovations Including Soft-Story Retrofit and Newer Roof
  • Upside Potential in Rental Income
  • 5 Minute Drive to SoFi Stadium and Intuit Dome

OVERVIEW

Enrique Viramontes is pleased to introduce 3018 W 67th Street. The property consists of an attractive mix of 2 three bedroom + two bath, 23 two bedroom + one bath and 10 one bedroom + one bath units with enormous floor plans. Recent renovations to the property include soft-story retrofit completion and a newer roof. The property’s rental marketability benefits from its close proximity to SoFi Stadium, Intuit Dome and the KIA Forum. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units and $2,172 for 1-bedroom units. 3018 W 67th Street is being offered independently or as a portfolio along with 10507 - 10511 S Figueroa Street and 442 W 93rd Street.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

35

PRICE/UNIT

$178,571

CAP RATE

6.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,388 SF

ZONING

LAR3

APN/PARCEL ID

4008-011-001

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.