1166 E 64th Street, Los Angeles, CA 90001

Property Description

1 UNIT VACANT!!! We are pleased to present 1166 E 64th St, a well-positioned 4-unit multifamily property in Los Angeles, offered at an attractive 6.74% CAP and 9.65 GRM on current rents, with value-add potential to reach an 9.19% CAP and 7.57 GRM with 1 UNIT DELIVERED VACANT! Located just east of the 110 Freeway, the property offers easy access to the Florence and Slauson Light Rail Stations, multiple Metro lines, and nearby neighborhoods including Huntington Park, Walnut Park, South Gate, and Maywood. It's also conveniently situated near Edison Middle School, Public Service Community High School, and Mary M. Bethune Park. The property consists of two separate structures a front triplex and a rear detached house totaling 1,952 rentable square feet on a 4,836 SF LCR3YY-zoned lot. Built in 1958 and 1923, respectively, the buildings feature a unit mix of 3 two-bedrooms and 1 one-bedroom, with two units already renovated and 1 two-bedroom unit being delivered vacant at closing. The site also includes both covered and uncovered on-site parking, enhancing tenant appeal. Contact the listing broker for additional information.