CA > Los Angeles
Los Angeles, CA 90001,1139 E 68th ST
Los Angeles, CA 90001,1139 E 68th ST
Los Angeles, CA 90001,1139 E 68th ST
10
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$990,000
Est. payment /mo
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10 Baths
3,096 SqFt
New

1139 E 68th ST Los Angeles, CA 90001

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,096 sqft

Price per Sqft $319

MLS Listing ID 25605823

HOA Y/N No

Year Built 1927

Lot Size 4,996 Sqft

Property Description

We are pleased to present a 10-unit apartment community located on 1139 E 68th St in the heart of Los Angeles for an extremely low $99,000 per unit! The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of working-class tenants in the neighborhood that is easily accessible to a number of metro bus stops. The building currently operates at a 9.71 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 6.35 GRM on pro forma rents. The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with 1 unit VACANT. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LCR3*

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 6010007022

Special Listing Condition Standard

CRMLS – RECore
Listed by Casey Lins Kidder Mathews of California, Inc.

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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