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Listed by Josh Cohen • Keller Williams South Bay
$ 1,350,000
Est. payment /mo
Price Dropped by $45K
642 W 74th ST Los Angeles, CA 90044
7,003 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25055044
Originating Board California Regional MLS
Year Built 1963
Lot Size 7,003 Sqft
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
Area 699 - Not Defined
Interior
Laundry 30, 9
Exterior
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 6020023010
Special Listing Condition Not Applicable
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