642 West 74th Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,375 sqft
Price per Sqft $251
MLS Listing ID SB-25055044
Year Built 1963
Lot Size 7,003 Sqft
Property Sub-Type Apartment
Property Description
This 7-unit multifamily apartment offers a compelling investment opportunity with strong cash flow and rental upside potential of approximately 44% +/-. Priced competitively at a 6.70% Cap Rate and 9.43 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. The property features a unit mix of (5) two bedroom units and (2) one bedroom units, all of which are individually metered for gas and electricity, and also feature laundry hookups! The area has traditionally been a strong rental market, and units are always in high demand.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Level with Street
Sewer Public Sewer