3018 67th Street, Los Angeles, CA 90043
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- MLS#: 25487151 ( )
- Street Address: 3018 67th Street
- Viewed: 1
- Price: $6,250,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1963
- Bldg sqft: 0
- Days On Market: 15
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90043
- Provided by: Remax Commercial and Investment Realty
- Contact: Enrique Enrique
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DescriptionWe 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, $2,172 for 1 bedroom units, and $1,920 for studio units.
Property Location and Similar Properties
Features
Building Area Total
- 29504.00
Country
- US
Heating
- Wall Furnace
Levels
- Three Or More
Netoperatingincome
- 358525.00
Parcel Number
- 4008011001
Parking Features
- Assigned
Sourcesystemkey
- 25-487151:CLAW
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 251535.00
Year Built
- 1963
Zoning
- LAR3