642 W 74th Street
Los Angeles, CA 90044
0.16 acres | #SB25055044
Description
This 7-unit multifamily apartment offers a compelling investment opportunity with strong cash flow and rental upside potential of approximately 44% +/-. Priced competitively at a 6.70% Cap Rate and 9.43 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. The property features a unit mix of (5) two bedroom units and (2) one bedroom units, all of which are individually metered for gas and electricity, and also feature laundry hookups! The area has traditionally been a strong rental market, and units are always in high demand.
Property Details
- Property TypeMulti-Family
- Lot DescriptionStreetLevel
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,395,000
- MLS #SB25055044
- MLS #SB25055044
- Property SubtypeApartment
- Cost1350000
- Acres0.1608
- Utility SourcePublic
- Year Built1963
- Stories2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Josh Cohen (#SCOHEJOS)
Listing Office: Keller Williams South Bay (#S6669)
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