Active

3018 W 67th St

Los Angeles CA, 90043

$6,750,000


$228.78 per sqft

Active

62 Beds

37 Baths

29,504 sqft

Multi-family

Built in 1963

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.

24-430981

MLS ID

August 22, 2024

Listed

September 13, 2024

Updated

Map

3018 W 67th St
Los Angeles CA, 90043

Interior Features

Total Stories

3


Bedrooms

62


Total Bathrooms

37


Appliances

None


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.7 Acres

Other Property Details

Area Name

Park Hills Heights


Days on Market

8


Garage

No


Parking

Assigned


Parking Total

35


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Enrique Viramontes with Remax Commercial and Investment Realty
Listing Contact: 213-233-4363 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/13/2024

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