836 W 66th Street, Los Angeles, California, United States, 90044

1,000,000
for Sale
7,152

About the property:

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 region’s 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 LA’s most consistent rental markets.
Property Type:
Apartment
Status:
for Sale
Acres:
0.1642
Square Feet:
3534
Directions:
west of Vermont Ave and east of Figueroa St
Is Art:
Yes
Is Apartment:
Yes
Is Bed:
Yes
Is Building:
Yes
Is Entertainment:
Yes
Is I C I:
Yes
Is Market:
Yes
Is Mix:
Yes
Is Unit:
Yes
Listing ID:
SB26235677

Rooms

Dimensions

Brokered by:
Lyon Stahl Investment Real Estate, Inc.
Presented By: