3458 West 67th Street
3458 West 67th Street
$1,225,000
7
4
3,726
3,726
$329
Pending
Description
On the market for the first time in seven years, this property offers a rare investment opportunity for buyers and investors. Two of the four units are vacant and recently renovated, making them move-in ready. With 50% of the units available for market-rate rental upon acquisition, investors can benefit from high cash flow without the complexities of below-market tenants. This is particularly advantageous given the stringent rent control regulations in Los Angeles and potential changes in tenant...On the market for the first time in seven years, this property offers a rare investment opportunity for buyers and investors. Two of the four units are vacant and recently renovated, making them move-in ready. With 50% of the units available for market-rate rental upon acquisition, investors can benefit from high cash flow without the complexities of below-market tenants. This is particularly advantageous given the stringent rent control regulations in Los Angeles and potential changes in tenant protection laws. At the projected Section 8 rate of $3,000 for two-bedroom units, buyers can expect a stabilized cap rate of just under 8% with potential for positive leverage in a challenging interest rate environment. The property features modern amenities such as a remote-controlled security gate, ample on-site parking, and a convenient laundry facility, catering to contemporary living needs. Each unit, averaging 925 square feet, offers spacious layouts with in-unit heating and abundant natural light, creating a welcoming and comfortable living environment.
- Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 3458 West 67th Street
Zoning
LAR3
Parcel Number4006022002
Total Units4.0
Living Area3726
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Vacancy Rate3883
Lot Size Area5041
Location
LISTING UPDATED: 06/03/2024 12:08 PM
Property Details for 3458 West 67th Street
Status | Pending |
---|---|
MLS # | 24-394437 |
Days on Market | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1966 |
Lot Size | 0.12 AC / 5,041 SF |
County | Los Angeles County |
Location
Building Information for 3458 West 67th Street
Stories2Residences-Year Built1966Building Size-Lot Size0.12 AC / 5,041 SF
Payment Calculator
$7,593 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3458 West 67th Street
Property History for 3458 West 67th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3458 West 67th Street
Taxable ValueLand$546,822Additions$322,623Total$869,445
Tax Record2023$10,901 ($908 / month)
Home Facts
Total Finished SqFt3,726 SqFtAbove Grade Finished SqFt3,726 SqFtLot Size5,039 SqFtStyleQuadraplexYear Built1966ZoningLAR3CountyLOS ANGELESAPN4006-022-002
Schools near 3458 West 67th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Yes Academy PublicK to 5 | ||
Alliance Leadership Middle Academy Charter6 to 8 | ||
Alliance Renee And Meyer Luskin Academy High School Charter9 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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