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3018 W 67th St
Los Angeles CA 90043 US

$6,750,000

Active Listing ID 24-430981
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62 bed
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Lot: 0.70 Acres
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Other

$6,750,000

Active Listing ID 24-430981
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3018 W 67th St 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.

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Property Features

  • Facts
  • Lot Size: 0.70 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 6750000
  • unparsedaddress: 3018 W 67th St
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90043
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.6978
  • lotsizeunits: Acres
  • lotsizearea: 0.6978
  • livingarea: 29504
  • livingareaunits: Square Feet
  • listagentfullname: Enrique Viramontes
  • listagentemail: eviramontes@remaxcir.com
  • listagentkey: 3yd-CLAWCA-X76426
  • listagentmlsid: X76426
  • listagentpreferredphone: 2138171000
  • listagentofficephone: 2138171000
  • listofficekey: 3yd-CLAWCA-X7538301
  • listofficemlsid: X7538301
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1963
  • listingcontractdate: 2024-08-22
  • countyorparish: Los Angeles
  • parcelnumber: 4008-011-001
  • cooling: Ceiling Fan(s)
  • numberofunitstotal: 35
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 35
  • parkingfeatures: Assigned
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Commercial & Investment", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"eviramontes@remaxcir.com", "ListBrokerageCity":"Torrance", "ListBrokerageCountry":"US", "ListBrokerageEmail":"slampe@remaxcir.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"RE/MAX Commercial & Investment", "ListBrokeragePhone":"(310) 802-2500", "ListBrokeragePostalCode":"90505", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"2nd Fl.", "ListBrokerageUnparsedAddress":"23740 Hawthorne Blvd.", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"99 South Lake Ave.", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"X76298", "ListOfficeCity":"Pasadena", "ListOfficeCountry":"US", "ListOfficeEmail":"slampe@remaxcir.com", "ListOfficePostalCode":"90505", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3018-W-67th-St_Los-Angeles_CA_90043_M29257-73253?f=listhub&s=CLAWCA-24&m=430981&c=rexren", "MLSModificationTimestamp":"2024-08-22T13:07:01Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:55:01 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Enrique Viramontes, Remax Commercial and Investment Realty, eviramontes@remaxcir.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.