NOT LISTED FOR SALE

1130 E 64th St Los Angeles, CA 90001

Florence-Graham Neighborhood
3 Beds
6 Baths
2,388 Sq Ft
5,121 Sq Ft Lot

Last Sold November 16, 2022

Last sale price $950,000 $398 Per Sq Ft

41 Days on Market

Highlights

  • Golf Course Community
  • Laundry Room
  • Bike Trail
  • Park

About This Home

As of November 2022

Completely rebuilt from the studs in 2008, 1130 E 64th St is
a stunning value-add 6-unit apartment fit for any
investor looking to capitalize on a growing submarket of
Los Angeles. The property features new plumbing,
electrical, roof and interiors. There are also new tankless
water heaters, dual pane windows, stucco and exterior
paint. The laundry units are also owned by the landlord.
Located in a primarily residential neighborhood, 1130 E
64th brings an investor the opportunity to purchase a
low-maintenance, cash flowing asset with over 35%
upside in rents available.
1130 E 64th St is is located in the 90001 zip code and is
priced at a 13.73 GRM and a 4.61% cap rate. 1130 E 64th St
has a unit mix of (1) detached 3Bed/1Bath & (5) studio
units. This property has the potential to operate at a
10.20% cap rate and 7.67 GRM once units are rented for
market.
The subject property is walking distance from many local
restaurants and grocery markets. 1130 E 64th St is just 5
miles away from both USC and Sofi Stadium.

Last Listed By

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/26/2022

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 5,121 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 7 Parking Spaces

Home Design

  • 2,388 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 236
  • Tax Tract Number 5450
  • Assessor Parcel Number 6010001009
  • $2,915 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,449
  • Gross Income $79,488
  • Net Operating Income $52,764

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • CapRate: 5.41
  • Price Per Unit: 162500
  • Property Attached: Yes
  • Zoning: LCR3*
  • Property Type: Residential Income
  • Parcel Number: 6010001009
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 397.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Golf, Park, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5121.00
  • Lot Size Acres: 0.1176

Multi Family

  • Gross Income: 79488.00
  • Gross Multiplier: 12.27
  • Gross Scheduled Income: 79488.00
  • Lot Size Area: 5121.0000 Square Feet
  • Net Operating Income: 52764.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 24339.00
  • Rent Control: Yes
  • Total Expenses: 24449.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5329.00
  • Tax Lot: 236
  • Tax Tract Number: 5450
  • TaxOtherAnnualAssessmentAmount: 2915.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2022 11/16/22 Sold $950,000 -2.6% $398 / Sq Ft
07/26/2022 07/26/22 For Sale $975,000 -- $408 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2022

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    4 in this area

    173 Total Sales

    Cameron Samimi
    Section Image

  • N

    Buyer's Agent in 2022

    Nitanth Reddy

    RE/MAX

    (909) 949-0605

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22157419

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90001 Florence-Graham

1130 E 64th St, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 1130 E 64th St, Los Angeles, CA 90001 since 26 July 2022. This property was built in 2008. 1130 E 64th St is a home located in Los Angeles County with nearby schools including Dr. Lawrence H. Moore Math, Science, Technology Academy, Thomas A. Edison Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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. 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