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937 W 68th St, Los Angeles, CA 90044
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937 W 68th St Los Angeles, CA 90044

$735,000
  • 6 Beds
  • 6 Baths
  • 2,008 Sq.Ft.
For Sale
$735,000 Get Pre-Qualified
Map preview of 937 W 68th St, Los Angeles, CA 90044

Property Overview: 937 W 68th St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 2,008 living square feet and 7,137 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: 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.

Listed by Kevin Kim | BRE #02103359 | Masters Realty & Investment
Last checked: 1 minute ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 40
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Home details

Lot Sq. Ft
7,137
HOA Dues
$0/mo
Year built
1932
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
24369937
City
Los Angeles
County
Los Angeles
Time on Site
46 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,052
  • Total Rent: $1,052
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $1,070
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 23
  • Gross Scheduled Income: --
  • Net Operating Income: $12,464
  • Gross Operating Income: $25,464
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 937 W 68th St

Interior Features
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
  • Gas Range, Oven
Interior Features
  • Levels: One, Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 10
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6013009010
  • Foundation Details: Raised
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: This property is on 68th St, East of Vermont Ave and West of Hoover St
View more facts & features

Local Los Angeles Agent

Sale History for 937 W 68th St

Last sold for $590,000 on October 21st, 2022

  • March, 2024

  • Mar 18, 2024

    Date

    Active

    CRMLS: 24369937

    $735,000

    Price

  • January, 2024

  • Jan 31, 2024

    Date

    Expired

    CRMLS: 23291677

    $775,000

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: 23291677

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    This incredible triplex features three separate buildings and offers a rare opportunity in a central location. One unit will be delivered vacant, while the remaining units have long-term tenants who pay rent on time. Each unit provides privacy, ample parking, and is situated on a quiet residential street. The property includes a three-car garage that offers the potential for conversion into a fourth unit. This presents an excellent opportunity to maximize the property's potential and increase its rental capacity. Great ideal for someone looking to enter a promising area or for an investor expanding their rental portfolio. Conveniently located less than a mile away from various sporting and recreational facilities, such as golf courses, swimming pools, and recreation centers, this property offers easy access to restaurants, grocery stores, and schools. Situated in South Los Angeles, it provides close proximity to major freeways including the 110, 105, and 405. Please note that the property is being sold as-is, and tenants are to remain in possession. Kindly refrain from disturbing the tenants.

  • October, 2022

  • Oct 21, 2022

    Date

    Sold

    CRMLS: DW22116261

    $590,000

    Price

  • May 31, 2022

    Date

    Active

    CRMLS: DW22116261

    $630,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET, THREE UNITS IN THE HEART OF LOS ANGELES, WELL MAINTAINED PROPERTY, NEWER PLUMBING,MEETS ALL LA CITY BUILDING AND SAFETY CODES. LONG TIME TENANTS ALL PAYING RENTS, WATER METERS ARE READY TO BE INSTALLED AND ADD MORE $$ TO YOUR BOTTOMLINE, THIS PROPERTY ALSO HAS ENOUGH ROOM TO BUILD AN ADU. JUST MINUTES TO DOWNTOWN, SOFI STADIUM, USC, AND ALL MAJOR FREEWAYS, PRICED FOR FAST SALE

  • August, 2021

  • Aug 27, 2021

    Date

    Expired

    CRMLS: DW21040792

    $624,900

    Price

  • Apr 4, 2021

    Date

    Withdrawn

    CRMLS: DW21040792

    $624,900

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: DW21040792

    $624,900

    Price

  • Listing provided courtesy of CRMLS

    This locally centralized Triplex that includes 3 stand-alone units, is a great fit for an investment property. Property is in close proximity to the metro link, convention center, USC college, LAX, and an elementary school across the street. Has easy access to markets and stores nearby. Property offers the following: UNIT 1 - partial wood flooring with tile throughout, formica kitchen countertops, a full bath, some windows have been replaced, new fascia, and very well maintained. UNIT 2 - ceramic tile throughout, formica counter tops full bath. UNIT 3 - 2 stories, ceramic tile throughout with a wood stairway that has been recently refurbished, bathroom remodeled in 2017, potential for another bathroom, and new fascia. ALL UNITS - Porch, interior painted in 2019, a possible stackable laundry area inside, water heaters have been transferred outside, 3 new water meters installed on each unit, one car garage for each unit, multiple car parking, upgraded main plumbing line, chain link fencing throughout, copper piping throughout, main drain permitted, wall heaters with thermostat, a guayava fruit tree. Zoning LARD1.5 possible 4th unit allowed - check with city.

  • December, 2016

  • Dec 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $415,000

    Price

  • March, 1998

  • Mar 13, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 937 W 68th St

Assessed Value (2020): $440,640
Year Land Value Improved Value Assessed Value
2020 $334,280 $106,360 $440,640

Home Value Compared to the Market

This property vs the competition

937 W 68th St is listed 40% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $366.04 per/sqft which puts the price per square foot 52.71% lower than the median price per square foot for the city of Los Angeles.

About 937 W 68th St

Detailed summary of property

937 W 68th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 2,008 living square feet, and sits on an approximately 7,137 square foot lot. 937 W 68th St was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $735,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40% lower than the median priced home. Local competing homes currently for sale include 1253 W 65th St, 443 W 71st St and 6207 S Figueroa St. While the average home in Los Angeles, CA is selling in 96 days, 937 W 68th St has a days on market of 40 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 937 W 68th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 937 W 68th St

Public county record property details
Beds
3
Baths
4
Year built
1932
Sq. Ft.
2,008
Lot Size
7,160
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
75
APN
6013-009-010

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$669,999
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
86
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), 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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