Los Angeles, CA 90043,3018 W 67th ST
Los Angeles, CA 90043,3018 W 67th ST
Los Angeles, CA 90043,3018 W 67th ST
9
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$6,750,000
Est. payment /mo
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62 BD
37 BA
29,504 SqFt
Active

3018 W 67th ST Los Angeles, CA 90043

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UPDATED:

12/05/2024 01:59 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 29,504 sqft

Price per Sqft $228

MLS Listing ID 24430981

Bedrooms 62

HOA Y/N No

Year Built 1963

Lot Size 0.698 Acres

Property Description

THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. 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 the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 35

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4008011001

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Enrique Viramontes • Remax Commercial and Investment Realty

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Heejung Petri

Agent | License ID: 02209755

+1(619) 517-8820

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3018 W 67th ST