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Los Angeles, CA 90001 1444 E 67th Street

$895,000

Pending
1444 E 67Th Street Los Angeles, Ca - Image 11444 E 67Th Street Los Angeles, Ca - Image 21444 E 67Th Street Los Angeles, Ca - Image 3
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Presented By: Katie Chai with ReMax 2000 Realty; 909-728-7888
  • MLS# TR24015805
  • 01/25/2024
  • Request Tour
  • Request Info
  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 2,591

Home Details

Great value-add investment opportunity for Investor or Developer in the Florence-Graham Submarket. 3 Units mixed-use with 2 separate buildings on spacious corner lot 7,241 square feet with three addresses on two streets. The first building features storefront retail and apartment. The second building is a detached single family resident. Window and door facing Compton Ave have been replaced. 2 New water main lines replaced. One from Compton Avenue to barbershop (front building). Another one from 67th Street to the individual unit house. Pro-forma cap rate is 6.39%. Retail Store proforma description: Current barber shop lease is $2,650. Lease will expire on 7/2024. Barbershop Sub-leased the unit next to it to a vitamin shop for $1100. New buyer can sign the new lease with the barber shop for $2,500, vitamin shop for $1,100 and additional storage space can also be rented for approx. $250.
Presented By: Katie Chai with ReMax 2000 Realty; 909-728-7888

Interior Features for 1444 E 67th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 1444 E 67th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.39
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Sidewalks
CountyLos Angeles
Days on Market40
DirectionsAcross Street: Compton Ave.
Electric Expense0.0
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income86969.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense7902.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashtoNewLoan, Conventional
Lot Size Square Feet7243.0
MLS AreaC37 - Metropolitan South
MaintenanceExpense2160.0
MobileHomeRemainsYNNo
Net Operating Income57190.0
New ConstructionNo
Operating Expense27169.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Street Name67th
Tax Lot2
Total Units3
Trash Expense0.0
UtilitiesElectricityAvailable, SewerAvailable, WaterAvailable
View Y/NNo
Water Sewer Expense1200.0
Waterfront Y/NNo
Year Built1921
Year Built SourceAssessor
ZoningLCC3*

Exterior for 1444 E 67th Street

Building Area Total2591.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1663
Lot Size Area7243.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters0
Number of Separate Water Meters2
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $895,000
MLS#TR24015805
List Date 01/25/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors