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1139 E 68th ST Los Angeles, CA 90001
4,996 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25137843
HOA Y/N No
Year Built 1927
Lot Size 4,996 Sqft
Property Sub-Type Apartment
Property Description
Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E
68th St. is a high-yield asset with over 100% upside in
rents. HACLA pays $1,920 for efficiency units in this
neighborhood. Current rents are at $9,090 and can
achieve $19,200. A sophisticated owner can also put solar
on this property and cut the expenses for utilities in half.
The property is master metered for Water and Electric.
Tenants pay for their own gas only.
This asset consists of 10 studio units, approximately 300
square feet each. Once stabilized the property will
operate at a 4.06 GRM and a 18.76% Cap Rate not
including capital expenditures.
Located in a high-demand rental pocket of South Los
Angeles, the property benefits from consistent renter
demand and close proximity to major employment hubs
including Downtown Los Angeles, USC, and The Ports of
Los Angeles. Convenient access to key transportation
corridors—Florence Ave, Central Ave, the 110 and 105
Freeways—provides connectivity throughout the region.
The neighborhood continues to see ongoing public and
private investment, further enhancing the area's long-
term growth trajectory.
68th St. is a high-yield asset with over 100% upside in
rents. HACLA pays $1,920 for efficiency units in this
neighborhood. Current rents are at $9,090 and can
achieve $19,200. A sophisticated owner can also put solar
on this property and cut the expenses for utilities in half.
The property is master metered for Water and Electric.
Tenants pay for their own gas only.
This asset consists of 10 studio units, approximately 300
square feet each. Once stabilized the property will
operate at a 4.06 GRM and a 18.76% Cap Rate not
including capital expenditures.
Located in a high-demand rental pocket of South Los
Angeles, the property benefits from consistent renter
demand and close proximity to major employment hubs
including Downtown Los Angeles, USC, and The Ports of
Los Angeles. Convenient access to key transportation
corridors—Florence Ave, Central Ave, the 110 and 105
Freeways—provides connectivity throughout the region.
The neighborhood continues to see ongoing public and
private investment, further enhancing the area's long-
term growth trajectory.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR3*
Interior
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6010007022
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556
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