1210 East 68th Street

1210 East 68th Street

Los Angeles, CA 90001

$1,250,000
Price
11
Beds
5
Baths
3,441 Sq. Ft.
$363 / Sq. Ft.
3,441
Sq. Ft.
$363
per Sq. Ft.
a view of a white house with iron fence
a view of a car park in front of house
a car parked in front of a building
a house view with a backyard space
a kitchen with granite countertop a stove and a refrigerator

Description

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,...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.
  1. Listed by Brandon Evans • DRE #02058494 • Brokerage DRE #01380809 • Rosano Partners

Property Details for 1210 East 68th Street

Zoning
LCR3YY
Style
Bungalow
Cross Streets
E 68th St and Central Ave
Parcel Number
6010010005
Total Units
5.0
Living Area
3441
Source Living Area
Owner
Area
Downtown L.A. (C42)

Location

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494
Add your commute
LISTING UPDATED: 05/22/2024 12:01 AM

Property Details for 1210 East 68th Street

StatusActive
MLS #24-391957
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.12 AC / 5,390 SF
CountyLos Angeles County

Location

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494
Add your commute

Building Information for 1210 East 68th Street

Stories1Residences-Year Built1941Building Size-Lot Size0.12 AC / 5,390 SF

Payment Calculator

$7,715 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$893

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1210 East 68th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Entry Floor Number: 1
  • Additions Alterations: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $140,748
  • Net Operating Income: $96,778.00
  • Gross Income: $140,748
  • Cap Rate: 7.74%
  • Gross Rent Multiplier: $8.88
  • Actual Annual Gross Rent: $140,748.00
  • Actual Gross Annual Income: $140,748
  • Actual Rent Total: $140,748.00
  • Vacancy Allow Dollar: $4,222.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 39747
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1237
  • Lot Size Square Feet: 5390
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,413.00
  • Unit Actual Rent: $1,413.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $3,640.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,338.00
  • Unit Actual Rent: $6,676.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 1210 East 68th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1210 East 68th Street

Taxable ValueLand$310,937Additions$417,085Total$728,022
Tax Record2023$10,720 ($893 / month)
Home Facts
Total Finished SqFt2,673 SqFtAbove Grade Finished SqFt2,673 SqFtLot Size5,390 SqFtStyleQuadraplexYear Built1941ZoningLCR3YYCountyLOS ANGELESAPN6010-010-005

Schools near 1210 East 68th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Miramonte Elementary School
Public - K to 5
Alliance Kory Hunter Middle
Charter - 6 to 8
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public - 9 to 12
Communication And Technology At Diego Rivera Learning Complex
Public - 9 to 12
Rating
School
Distance
Miramonte Elementary School
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public9 to 12

Communication And Technology At Diego Rivera Learning Complex
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1210 East 68th Street, Los Angeles, CA 90001

1210 East 68th Street is a multi-family home for sale in Los Angeles, CA 90001. This property was listed for sale on May 14, 2024 by Rosano Partners, it's currently listed at $1,250,000. It has been on the market for a total of 19 days and was last sold on August 28, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Miramonte Elementary School, Alliance Kory Hunter Middle and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 1210 East 68th Street is a 11-bed, 5-bath, 3,441 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.