1139 East 68th Street

Los Angeles, CA 90001

$1,100,000
Price
—
Beds
10
Baths
3,096 Sq. Ft.
$355 / Sq. Ft.
3,096
Sq. Ft.
$355
per Sq. Ft.

Description

We are pleased to present a 10-unit apartment community located on 1139 E 68th St in the heart of Los Angeles for an extremely low $110,000 per unit and 2 units delivered VACANT! The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. The building currently operates at a 11.10 GRM on current rents (assuming market rents for the 2 vacant units), with rental upside potential to a 6.57 GRM on pro forma...We are pleased to present a 10-unit apartment community located on 1139 E 68th St in the heart of Los Angeles for an extremely low $110,000 per unit and 2 units delivered VACANT! The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. The building currently operates at a 11.10 GRM on current rents (assuming market rents for the 2 vacant units), with rental upside potential to a 6.57 GRM on pro forma rents. The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with 2 units VACANT.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1139 East 68th Street

Zoning
LCR3*
Parcel Number
6010007022
Total Units
10.0
Living Area
3096
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
3%
Lot Size Area
4997
LISTING UPDATED: 07/18/2024 12:01 AM

Property Details for 1139 East 68th Street

StatusActive
MLS #24-413743
Days on Market164
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.11 AC / 4,997 SF
CountyLos Angeles County

Building Information for 1139 East 68th Street

Stories-Residences-Year Built1927Building Size-Lot Size0.11 AC / 4,997 SF

Property Information for 1139 East 68th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $99,143
  • Net Operating Income: $53,236.00
  • Gross Income: $99,143
  • Gross Rent Multiplier: $11.10
  • Total Annual Expense: 45907
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1147
  • Lot Size Square Feet: 4997
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-10-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $745.00
  • Unit Actual Rent: $745.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,082.00
  • Unit Actual Rent: $1,082.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,295.00
  • Unit Actual Rent: $1,295.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $745.00
  • Unit Actual Rent: $745.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $690.00
  • Unit Actual Rent: $690.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,295.00
  • Unit Actual Rent: $1,295.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $288.00
  • Unit Actual Rent: $288.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $469.00
  • Unit Actual Rent: $469.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $717.00
  • Unit Actual Rent: $717.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $937.00
  • Unit Actual Rent: $937.00
  • Unit Projected Rent: $1,395.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,064,696.00
  • Assessed Improvement Percent: 76.8
  • Assessed Land Value: $321,660.00
  • Assessed Land Percent: 23.2
  • Assessed Total Value: $1,386,356.00

Property History for 1139 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 1139 East 68th Street

Taxable ValueLand$328,093Additions$1,085,989Total$1,414,082
Tax Record2024$21,738 ($1,812 / month)
Home Facts
Total Finished SqFt3,096 SqFtAbove Grade Finished SqFt3,096 SqFtLot Size4,995 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLCR3*CountyLOS ANGELESAPN6010-007-022

Schools near 1139 East 68th 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
Public - 9 to 12
Rating
School
Distance
Miramonte Elementary School
PublicK to 5

Alliance Kory Hunter Middle
Charter6 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.

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1139 East 68th Street is a multi-family home for sale in Los Angeles, CA 90001. This property was listed for sale on July 10, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,100,000. 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. 1139 East 68th Street is a 0-bed, 10-bath, 3,096 sqft multi-family home built in 1927.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

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.