3018 W 67th St
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3018 W 67th St
35 Unit Apartment Building $6,250,000 ($178,571/Unit) 5.74% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- Attractive Mix of 2 (3 bd + 2 ba), 23 (2 bd + 1 ba) and 10 (1 bd + 1 ba) Units
- Enormous Floor Plans | 29,504 Sq Ft Building Size
- Upside Potential in Rental Income
- Priced to Sell! | $178,000 Per Unit
- Recent Renovations Including Soft-Story Retrofit and Newer Roof
- 5 Minute Drive to SoFi Stadium and Intuit Dome
EXECUTIVE SUMMARY
Enrique Viramontes is pleased to introduce 3018 W 67th Street. The property consists of an attractive mix of 2 three bedroom + two bath, 23 two bedroom + one bath and 10 one bedroom + one bath units with enormous floor plans. Recent renovations to the property include soft-story retrofit completion and a newer roof. The property’s rental marketability benefits from its close proximity to SoFi Stadium, Intuit Dome and the KIA Forum.
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 a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units and $2,172 for 1-bedroom units.
3018 W 67th Street is being offered independently or as a portfolio along with 10507 - 10511 S Figueroa Street and 442 W 93rd Street.
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 a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units and $2,172 for 1-bedroom units.
3018 W 67th Street is being offered independently or as a portfolio along with 10507 - 10511 S Figueroa Street and 442 W 93rd Street.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $178,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Cap Rate | 5.74% | Building Size | 29,504 SF |
| Gross Rent Multiplier | 10.14 | Average Occupancy | 100% |
| No. Units | 35 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Price | $6,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| Gross Rent Multiplier | 10.14 |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 29,504 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.37/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $1,456 | 700 |
| 2+1 | 23 | $1,420 | 900 |
| 3+2 | 2 | $1,847 | 1,100 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 4008-011-001 | Total Assessment | $3,941,222 (2024) |
| Land Assessment | $2,760,498 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,180,724 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4008-011-001
Land Assessment
$2,760,498 (2024)
Improvements Assessment
$1,180,724 (2024)
Total Assessment
$3,941,222 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3018 W 67th St
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