1139 E 68TH STREET, LOS ANGELES CA 90001
- 3,096 sq.ft.
- 4,997 sq.ft. lot
Property Description
Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridors—Florence Ave, Central Ave, the 110 and 105 Freeways—provides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the area’s long- term growth trajectory.
Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Exterior Features
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