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836 W 66th ST Los Angeles, CA 90044
7,152 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26235677
HOA Y/N No
Year Built 1923
Lot Size 7,152 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 836 W 66th St, an 11 unit apartment building in South Los Angeles just minutes from the 110 Harbor Freeway. Built in 1923, the property has an efficient unit mix of (8) single and (3) 1 bed / 1 bath units across 3,534 square feet. It sits on a generous 7,150 square foot lot zoned LA RD2. 836 W 66th St is a true value-add opportunity, with pro forma rents approximately 64% above current in-place rents. Two units, a single and a 1 bed / 1 bath, will be delivered vacant, so a new owner can lease at market and capture upside on day one. The occupied units, including a HACLA-supported tenancy, provide a dependable base of in-place income while the rest of the upside is captured as tenancies turn. The property sits in one of Los Angeles' most renter-dense submarkets, where a deep and consistent tenant base keeps demand and occupancy steady. The 110 Harbor Freeway gives tenants direct access to USC, Exposition Park, and Downtown LA, three of the region's major employment, education, and entertainment hubs. Nearby Metro J Line stations along the 110 connect residents to Downtown LA and the South Bay, which supports the car-optional lifestyle many renters in the area depend on. With its central location, efficient floor plans, and substantial rental upside, this is a compelling chance to
own a long-term value-add asset in one of LA's most consistent rental markets.
own a long-term value-add asset in one of LA's most consistent rental markets.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6013010030
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
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