Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E
68th St. is a high-yield asset with over 100% upside in
rents. HACLA pays $1,920 for efficiency units in this
neighborhood. Current rents are at $9,090 and can
achieve $19,200. A sophisticated owner can also put solar
on this property and cut the expenses for utilities in half.
The property is master metered for Water and Electric.
Tenants pay for their own gas only.
This asset consists of 10 studio units, approximately 300
square feet each. Once stabilized the property will
operate at a 4.06 GRM and a 18.76% Cap Rate not
including capital expenditures.
Located in a high-demand rental pocket of South Los
Angeles, the property benefits from consistent renter
demand and close proximity to major employment hubs
including Downtown Los Angeles, USC, and The Ports of
Los Angeles. Convenient access to key transportation
corridors"”Florence Ave, Central Ave, the 110 and 105
Freeways"”provides connectivity throughout the region.
The neighborhood continues to see ongoing public and
private investment, further enhancing the area's long-
term growth trajectory.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/19/2025
|
|
YEAR BUILT
|
1927
|
COMMUNITY
|
699 - Not Defined
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
699 - Not Defined |
| LOT |
4996 sq ft |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/19/25 10:37 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email