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3458 67th Street
Los Angeles, CA 90043
Sold
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.
PROPERTY INFORMATION
| MLS # | 24394437 | Lot Size | 5,041 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,225,000
Price Per SqFt: $ 329 |
DOM | 348 Days |
| Address | 3458 67th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,726 Sq. Ft. |
| Postal Code | 90043 | Garage | N/A |
| County | Los Angeles | Year Built | 1966 |
| Bed / Bath | 7 / 0 | Parking | 4 |
| Built In | 1966 | Status | Closed |
| Sold Date | 2024-07-19 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,307
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/21/2024 | Listed | $1,225,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Saadia 'Sam' Liberow, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
