Description
Completely rebuilt from the studs in 2008, 1130 E 64th St is a stunning value-add 6-unit apartment fit for any investor looking to capitalize on a growing submarket of Los Angeles. The property features new plumbing, electrical, roof and interiors. There are also new tankless water heaters, dual pane windows, stucco and exterior paint. The laundry units are also owned by the landlord. Located in a primarily residential neighborhood, 1130 E 64th brings an investor the opportunity to purchase a low-maintenance, cash flowing asset with over 35% upside in rents available. 1130 E 64th St is is located in the 90001 zip code and is priced at a 13.73 GRM and a 4.61% cap rate. 1130 E 64th St has a unit mix of (1) detached 3Bed/1Bath & (5) studio units. This property has the potential to operate at a 10.20% cap rate and 7.67 GRM once units are rented for market. The subject property is walking distance from many local restaurants and grocery markets. 1130 E 64th St is just 5 miles away from both USC and Sofi Stadium.
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