1210 E 68th Street
Los Angeles, CA, 90001 $ 1,250,000
Bedrooms11 Baths5.0 Sq 3,441 Monthly Estimate*
$ 8,308
Listed by Rosano Partners
for $1,250,000 with 11 bedrooms and 5 full baths. This 3,441 square foot home was built in 1941 on a lot size of 0.1237.
We are pleased to present 1210 E 68thSt, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (2) 2 bed/1 Bath units,(2) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently five (5) Section 8 tenants in-place offering excellent security of income and collections. The property boasts a current monthly income of $11,729, a 7.74% Cap Rate, and8.88 GRM on current income. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on a 5,390 square feet lot.1210 E 68th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to several schools and local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600and Section 8 Voucher Payment Standards rising up to$3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
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FeaturesGeneralHeating WallFurnace
Cooling WallWindowUnits
Possession CloseOfEscrow
Zoning LCR3YY
Architectural Style Bungalow
Year Built 1941
Stories 1
Levels One Two
Gross Income 140748.0
County Los Angeles
Net Operating Income 96778.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions E 68th St and Central Ave
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 5
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 5390.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 68th
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Cap Rate 7.74
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InteriorFlooring Laminate
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 11
Entry Level 1
Electric On Property Y/N N
Total Baths 5
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ExteriorParking Features None
Total Parking 0.0
Lot Size Area 5390.0
Number of Buildings 2
Spa N
Building Area Total 3441.0
Lot Size Acres 0.1237
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,308
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,977,410
Percent of Sale Price 58%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/14/2024 | $1,250,000 | | Listed Price |