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$ 1,000,000
Est. payment /mo
New
836 W 66th Street Los Angeles, CA 90044
1 Bed
4 Baths
7,152 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26235677
Bedrooms 1
Lot Size 7,152 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 836 W 66th St, an 11 unit apartment building in South Los Angeles just minutes from the 110 Harbor Freeway. Built in 1923, the property has an efficient unit mix of (8) single and (3) 1 bed / 1 bath units across 3,534 square feet. It sits on a generous 7,150 square foot lot zoned LA RD2. 836 W 66th St is a true value-add opportunity, with pro forma rents approximately 64% above current in-place rents. Two units, a single and a 1 bed / 1 bath, will be delivered vacant, so a new owner can lease at market and capture upside on day one. The occupied units, including a HACLA-supported tenancy, provide a dependable base of in-place income while the rest of the upside is captured as tenancies turn. The property sits in one of Los Angeles most renter-dense submarkets, where a deep and consistent tenant base keeps demand and occupancy steady. The 110 Harbor Freeway gives tenants direct access to USC, Exposition Park, and Downtown LA, three of the regions major employment, education, and entertainment hubs. Nearby Metro J Line stations along the 110 connect residents to Downtown LA and the South Bay, which supports the car-optional lifestyle many renters in the area depend on. With its central location, efficient floor plans, and substantial rental upside, this is a compelling chance to own a long-term value-add asset in one of LAs most consistent rental markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction west of Vermont Ave and east of Figueroa St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6013010030
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.