1253 East 64th Street, Los Angeles, CA 90001, USA
Closed $905,000 - Multifamily
14 units 0 Bedroom

Sold: September 2014

We represented the buyers and sellers as co-listing agent with another firm. This property was purchased by an Angel Investor group during the downturn of the Great Recession and held for great cash flow, then recently sold for a nice profit. Understanding the real estate cycle and taking advantage of timing yielded great results.

GRM: 9.5

Cap Rate: 6.4

  • Year Built: 1926
  • Lot Sq Ft (approx): 9,141
  • Approx. SqFt: 5,320
  • Price/SqFt: $187.03
  • # of Buildings: 3
  • Property Type: Income
  • # of Units14
  • Gross Operating Income$102,420.00
  • Annual Total Expenses$37,975.00
  • Net Operating Income$64,445.00
  • Gross Income$102,420.00

Co-listed with Coldwell Banker

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