Property Detail

Description

1103 W 64th St | 12 Units in South Los Angeles. 1930 multifamily property on a 6,709 SF LAR2 lot with 5,716 SF of building area; efficient mix of (7) studios, (4) one-bed / one-bath, and (1) two-bed / one-bath units. Fully occupied with in-place cash flow and ~27% rental upside through light-to-moderate renovations, RUBS implementation, and ancillary income streams. ADU feasibility and garage conversion potential provide long-term expansion opportunities. Attractive ~$152K per unit basis with a 8.08% current cap and 11.33% pro forma; strong transit access via Vermont Ave and Metro K Line supports consistent tenant demand and long-term stability in a resilient South LA submarket.