937 West 68th Street

Los Angeles, CA 90044

$735,000
Price
3
Beds
3
Baths
2,008 Sq. Ft.
$366 / Sq. Ft.
2,008
Sq. Ft.
$366
per Sq. Ft.

Description

We are pleased offer for investment opportunity in Prime Los Angeles Location. This exceptional triplex presents a unique investment opportunity, boasting three separate buildings centrally located in a highly sought-after area. One unit will be delivered vacant, while the remaining units are occupied by long-term tenants who consistently uphold rental payments. This unoccupied two-story unit offers the perfect opportunity for the owner to live in and manage. Alternatively, it presents the potential...We are pleased offer for investment opportunity in Prime Los Angeles Location. This exceptional triplex presents a unique investment opportunity, boasting three separate buildings centrally located in a highly sought-after area. One unit will be delivered vacant, while the remaining units are occupied by long-term tenants who consistently uphold rental payments. This unoccupied two-story unit offers the perfect opportunity for the owner to live in and manage. Alternatively, it presents the potential for significant increasing rental revenue should the owner opt to lease it out. With a detached three-car garage, this property presents the potential for conversion into a fourth unit, effectively maximizing its rental capacity. Each unit offers privacy, ample parking, and is nestled within a tranquil residential area. This property enjoys close proximity to restaurants, grocery stores, and schools, adding to its convenience. It is Conveniently located near major freeways such as the 110, 105, and 10, facilitating seamless commuting.
  1. Listed by Kevin Kim • DRE #02103359 • Brokerage DRE #01004371 • Masters Realty & Investment

Property Details for 937 West 68th Street

Zoning
LARD1.5
Style
California Bungalow
Cross Streets
Vermont Ave
Parcel Number
6013009010
Total Units
3.0
Living Area
2008
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)

Location

Listing Courtesy of Masters Realty & Investment, Kevin Kim, DRE #02103359
Add your commute
LISTING UPDATED: 04/09/2024 08:54 AM

Property Details for 937 West 68th Street

StatusActive
MLS #24-369937
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1932
Lot Size0.16 AC / 7,137 SF
CountyLos Angeles County

Location

Listing Courtesy of Masters Realty & Investment, Kevin Kim, DRE #02103359
Add your commute

Building Information for 937 West 68th Street

Stories1Residences-Year Built1932Building Size-Lot Size0.16 AC / 7,137 SF

Payment Calculator

$4,640 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,011

Property Taxes

$629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 937 West 68th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: 1X1
  • Security Features: Gated
  • Direction Faces: South
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $25,464
  • Net Operating Income: $12,464.00
  • Gross Income: $25,464
  • Gross Rent Multiplier: $23.00
  • Actual Annual Gross Rent: $25,464.00
  • Actual Gross Annual Income: $25,464
  • Owner Pays: Gardener
  • Total Annual Expense: 13000
Land / Lot Info
Land / Lot Info
  • Paved: Yes
  • Lot Acreage: 0.1638
  • Lot Size Square Feet: 7137
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 10
  • Garage Spaces Total: 3
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling Type: Ceiling Fan
  • Heating: None
  • Heating Type: None
  • Equipment: Range/Oven
  • Interior Features: Detached/No Common Walls
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Gas/Electric Range, Oven
Exterior Features
Exterior Features
  • Roof: Shingle
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,052.00
  • Unit Actual Rent: $1,052.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,070.00
  • Unit Actual Rent: $1,070.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $140,000.00
  • Assessed Improvement Percent: 23.73
  • Assessed Land Value: $450,000.00
  • Assessed Land Percent: 76.27
  • Assessed Total Value: $590,000.00

Property History for 937 West 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 937 West 68th Street

Taxable ValueLand$450,000Additions$140,240Total$590,240
Tax Record2023$7,551 ($629 / month)
Home Facts
Total Finished SqFt2,008 SqFtAbove Grade Finished SqFt2,008 SqFtLot Size7,160 SqFtStyleTriplexYear Built1932ZoningLARD1.5CountyLOS ANGELESAPN6013-009-010

Schools near 937 West 68th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Muir Middle School
Public6 to 8

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.

Similar Homes

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Similar Sold Homes

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937 West 68th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on March 18, 2024 by Masters Realty & Investment, it's currently listed at $735,000. It has been on the market for a total of 42 days and was last sold on October 21, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Gerald A. Lawson Academy Of The Arts, Mathematics And Science, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 937 West 68th Street is a 3-bed, 3-bath, 2,008 sqft multi-family home built in 1932.

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 Masters Realty & Investment, Kevin Kim, DRE #02103359

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.