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1159 E 64Th St, Los Angeles, CA 90001
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1159 E 64Th St Los Angeles, CA 90001

$850,000
  • 6 Beds
  • 4 Baths
  • 2,088 Sq.Ft.
For Sale
$850,000 Get Pre-Qualified
Map preview of 1159 E 64Th St, Los Angeles, CA 90001

Property Overview: 1159 E 64Th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,088 living square feet and 4,392 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Prime 4 unit in South Central LA! 100% Occupied and listed at 11.76 GRM and 6.12% CAP Rate! Two units are 1Br + 1Ba units, and two units are 2Br + 1Ba units. Street parking only. Over $6,000 in current monthly income, with about 40% upside in rents. Separately metered for gas and electricity and separate hot water heaters. Located on Gage between Central and Hooper, which is Unincorporated Los Angeles County. The property is only subject to County of Los Angeles rent control. Just around the corner from El Super, Starbucks, Gamestop, Fashion Q, La Pizza Loca, Subway, Tams, Chase Bank, and Carls Jr, and many more. This is a densely populated area of LA that is always easy to rent in, with excellent schools, Bethune Park, and nearby amenities and transportation nearby. Look far and wide, you will be hard pressed to find a 4 unit under $1M with average rents over $1,500/mo! Act fast!

Listed by Nicole Apostolos | BRE #01464936 | Equity Union
Co-listed by Dana Coronado | BRE #01746702 | Compass
Last checked: 12 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
4,392
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24403669
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,690
  • Total Rent: $1,690
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,303
  • Total Rent: $2,303
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.12%
  • Gross Rent Multiplier: 11.76
  • Gross Scheduled Income: --
  • Net Operating Income: $52,044
  • Gross Operating Income: $72,276
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1159 E 64Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 6008016029
  • Foundation Details: Raised
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Near the corner of Gage Ave. & S Central Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1159 E 64Th St

Last sold for $520,000 on February 25th, 2019

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24403669

    $850,000

    Price

  • April, 2019

  • Apr 10, 2019

    Date

    Sold

    CRMLS: 19421020

    $520,000

    Price

  • Jan 14, 2019

    Date

    Pending

    CRMLS: 19421020

    $530,000

    Price

  • Jan 9, 2019

    Date

    Active

    CRMLS: 19421020

    $530,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic 4 unit complex in Great Los Angeles location! Four 1 bedroom and 1 bathroom units. This is great for a owner user or investor with nice upside for rents. Area is booming, don't miss out!

  • February, 2019

  • Feb 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $520,000

    Price

Show More

Tax History for 1159 E 64Th St

Assessed Value (2020): $530,800
Year Land Value Improved Value Assessed Value
2020 $224,400 $306,400 $530,800

Home Value Compared to the Market

This property vs the competition

1159 E 64Th St is listed 31.23% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $407.09 per/sqft which puts the price per square foot 47.47% lower than the median price per square foot for the city of Los Angeles.

About 1159 E 64Th St

Detailed summary of property

1159 E 64Th St is a multi family located in Los Angeles, CA 90001 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 2,088 living square feet, and sits on an approximately 4,392 square foot lot. 1159 E 64Th St was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $850,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.23% lower than the median priced home. Local competing homes currently for sale include 8141 Zamora Ave, 1541 E 51st St and 4918 Wadsworth Ave. While the average home in Los Angeles, CA is selling in 99 days, 1159 E 64Th St has a days on market of 12 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1159 E 64Th St Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1159 E 64Th St

Public county record property details
Beds
4
Baths
4
Year built
1928
Sq. Ft.
2,088
Lot Size
4,390
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
222
APN
6008-016-029

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$474
Total Inventory
29
Median Sale to List Price %
103.08%
Avg Days on Market
36
Loan Type
Conventional (37.5%), FHA (62.5%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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