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$ 6,250,000
Est. payment | /mo
62 Beds
37 Baths
29,504 SqFt
$ 6,250,000
Est. payment | /mo
62 Beds
37 Baths
29,504 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 29,504 sqft
Price per Sqft $211
MLS Listing ID 25487151
Bedrooms 62
HOA Y/N No
Year Built 1963
Lot Size 0.698 Acres
Property Description
We are pleased to introduce 3018 W 67th Street. The property consists of an attractive mix of 2 three bedroom + two bath, 23 two bedroom + one bath and 10 one bedroom + one bath units with enormous floor plans. Recent renovations to the property include soft-story retrofit completion and a newer roof. The property's rental marketability benefits from its close proximity to SoFi Stadium, Intuit Dome and the KIA Forum. 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 a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units and $2,172 for 1-bedroom units.
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
Listed by Enrique Viramontes • Remax Commercial and Investment Realty