$650,000
$699,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/28/2022
Key Details
Sold Price $650,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22186712
Sold Date 09/28/22
Construction Status Additions/Alterations
HOA Y/N No
Year Built 1922
Property Description
901 West 64th Street is a four unit apartment complex located in Los Angeles. Constructed in 1922 and sitting on a large 6,197 SF Lot Zoned LAR2. Property consists of one building with (2) 2 Bedroom / 1 Bath and (2) 1 Bedroom / 1 Bath units totaling 2,905 SF. The property line is fully fenced on all 4 sides including the gated entrance with front access. The property has ample on-site parking with 1 car per unit. This investment presents a tremendous value-add opportunity at 7.3 GRM and 10.8% Cap Rate on market rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Property will be sold as is.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Carport, Driveway
Fence Average Condition
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Roof Type None
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Additions/Alterations
Others
Senior Community No
Tax ID 6004017007
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Financing Cash
Special Listing Condition Standard
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Bought with Olga Wright Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "