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$ 785,000
Est. payment /mo
Price Dropped by $30K
1159 E 64th ST Los Angeles, CA 90001
6 Beds
4 Baths
2,088 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $375
MLS Listing ID 26637897
Bedrooms 6
HOA Y/N No
Year Built 1928
Lot Size 4,390 Sqft
Property Description
We are pleased to present 1159 E 64th St, a well-positioned 4-unit multifamily property in Los Angeles, offered at an attractive 6.84% CAP and 10.60 GRM on current rents, with value-add potential to reach an 10.46% CAP and 7.43 GRM. The property consists of one single story structure totaling 2,088 rentable square feet on a 4,392 SF LCR3YY-zoned lot. Built in 1928, the building features a unit mix of two (2) two-bedroom units and two (2) one-bedroom units. The site also includes street access on both sides of the property from E Gage Avenue and 66th Street. Located just east of the 110 Freeway, the property offers easy access to the Florence and Slauson Light Rail Stations, multiple Metro lines, and nearby neighborhoods including Huntington Park, Walnut Park, South Gate, and Maywood. It's also conveniently situated near Edison Middle School, Public Service Community High School, and Mary M. Bethune Park. Property is subject to LA County rent control regulations. For additional information contact the listing broker.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LCR3YY
Interior
Fireplace No
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6008016029
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
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