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3018 W 67Th St, Los Angeles, CA 90043
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3018 W 67Th St Los Angeles, CA 90043

$6,750,000
  • 62 Beds
  • 37 Baths
  • 29,504 Sq.Ft.
For Sale
$6,750,000 Get Pre-Qualified
Map preview of 3018 W 67Th St, Los Angeles, CA 90043

Property Overview: 3018 W 67Th St Los Angeles, CA has 62 bedrooms, 37 bathrooms, 29,504 living square feet and 30,388 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: THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

Listed by Enrique Viramontes | BRE #01372010 | Remax Commercial and Investment Realty
Last checked: 10 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
30,388
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430981
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 35
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,777
  • Total Rent: $3,553
  • Pro Forma/Market Rent: $7,830
Unit Breakdown 2
  • # of Units: 23
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,346
  • Total Rent: $30,957
  • Pro Forma/Market Rent: $70,196
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $14,945
  • Pro Forma/Market Rent: $24,070
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: 11.26
  • Gross Scheduled Income: --
  • Net Operating Income: $340,969
  • Gross Operating Income: $593,459
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3018 W 67Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 35
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 35
  • Parcel Number: 4008011001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located on the corner of W 67th St and 8th Ave
View more facts & features

Local Los Angeles Agent

Sale History for 3018 W 67Th St

Last sold for $2,884,000 on September 17th, 2004

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: 24430981

    $6,750,000

    Price

  • September, 2004

  • Sep 17, 2004

    Date

    Sold (Public Records)

    Public Records

    $2,884,000

    Price

  • August, 2000

  • Aug 29, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3018 W 67Th St

Assessed Value (2020): $3,686,324
Year Land Value Improved Value Assessed Value
2020 $2,574,608 $1,111,716 $3,686,324

Home Value Compared to the Market

This property vs the competition

3018 W 67Th St is listed 462.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $228.78 per/sqft which puts the price per square foot 70.21% lower than the median price per square foot for the city of Los Angeles.

About 3018 W 67Th St

Detailed summary of property

3018 W 67Th St is a multi family located in Los Angeles, CA 90043 and is currently for sale. This multi family property offers 62 bedrooms, 37 bathrooms, roughly 29,504 living square feet, and sits on an approximately 30,388 square foot lot. 3018 W 67Th St was first listed on ArdentRealEstateGroup.com on August 22, 2024. The homeowner is currently asking $6,750,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 462.5% higher than the median priced home. Local competing homes currently for sale include 1975 S Corning St, 1904 S Robertson Blvd and 8926 Sawyer St. While the average home in Los Angeles, CA is selling in 106 days, 3018 W 67Th St has a days on market of 27 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3018 W 67Th St Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3018 W 67Th St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
29,504
Lot Size
30,387
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1,3
APN
4008-011-001

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$950,000
Median List Price/Sq.Ft.
$623
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$647
Total Inventory
95
Median Sale to List Price %
103.02%
Avg Days on Market
34
Loan Type
Conventional (29.17%), FHA (4.17%), VA (0%), Cash (20.83%), Other (4.17%)

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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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