Alta Realty Group
Alicia Hernandez, Alta Realty GroupPhone: (909) 680-1305
Email: RealtorAliciaH@gmail.com
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listing
1 of 9
CommercialFor Sale
$6,250,000
3018 W 67th Street
Los Angeles, CA 90043
Listed by: Enrique Viramontes from Remax Commercial And Investment Realty, eviramontes@remaxcir.com
MLS: Datashare CLAW
29,504Sq Ft
Est. Mortgage
$32,361/mo

We 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 and $2,172 for 1-bedroom units.

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Information courtesy of Remax Commercial And Investment Realty is subject to verification and is not guaranteed.
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