1114-1120 67Th St, Los Angeles, CA 90001

10 Unit Apartment Building | $2,500,000 ($250,000/Unit) | 4.98% Cap Rate | Los Angeles, CA 90001

For Sale

Active

2 pictures

Asking Price $2,500,000

Property Type: Multifamily
Square Feet: 3,240 SF

Listing Contacts

Geoffrey Grossman

Property Info

Property Overview

The residential building is a 10-unit income-restricted one-story garden-style complex constructed in 1924 (renovated). The building is comprised entirely of studio apartments with an average of 305 square feet. Tenants qualify based on income restrictions outlined in a Master Rent Subsidy Agreement dated June 9, 2016, between WiGro LLC and Brilliant Corners (BC). This agreement was facilitated through the FHSP (Flexible Housing Subsidy Pool) program, which is funded, in part, by the County of Los Angeles and the DHS (Department Health Services). The Owner elected to reserve the BC Units within the subject for tenants referred to the Owner by BC pursuant to the FHSP.

Property Details

Class: C
Year Built: 1924
Stories: 1
Lot Size (sq. ft): 5,227 SF
Units: 10

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