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2056 W 67th St
Los Angeles, CA 90047
Multifamily Property For Sale
·
2 Units


Investment Highlights
- 2 Separate and Detached Units
- Individually Metered for Gas & Electricity
- Potential Owner/User Opportunity
- Potential ADU Conversion (Buyer to Verify)
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 2056 W 67th Street, a fully occupied duplex located in the Van Ness neighborhood of South Los Angeles. The property presents an attractive opportunity to acquire a multifamily asset with stable in-place occupancy and future upside potential or the opportunity to operate as owner/user by moving into one of the units. In either case, there is the potential opportunity to add an ADU for additional income (Buyer to verify).
Built in 1925, the property features three structures including two separate units and one 2-car detached garage. The 1,465 square feet of building area includes a front 2-bedroom /1-bathroom unit and a rear 1-bedroom /1-bathroom unit with private access, creating separation and functionality between occupants. The rear unit has benefited from recent interior improvements including updated flooring, cabinetry, and additional cosmetic enhancements.
The property is individually metered for gas and electricity, providing operational efficiency and simplified utility management.
Located three blocks west of S. Western Ave. and four block north of W. Florence Ave, the property is ideally positioned in South Los Angeles and benefits from proximity to major public transportation, educational institutions, and transportation corridors, providing convenient access throughout Los Angeles.
Built in 1925, the property features three structures including two separate units and one 2-car detached garage. The 1,465 square feet of building area includes a front 2-bedroom /1-bathroom unit and a rear 1-bedroom /1-bathroom unit with private access, creating separation and functionality between occupants. The rear unit has benefited from recent interior improvements including updated flooring, cabinetry, and additional cosmetic enhancements.
The property is individually metered for gas and electricity, providing operational efficiency and simplified utility management.
Located three blocks west of S. Western Ave. and four block north of W. Florence Ave, the property is ideally positioned in South Los Angeles and benefits from proximity to major public transportation, educational institutions, and transportation corridors, providing convenient access throughout Los Angeles.
Property Facts
| Price Per Unit | $474,862 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.79% | Building Size | 1,465 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | LAR1 - Residential | ||
| Price Per Unit | $474,862 CAD |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 1,465 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1925 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | LAR1 - Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $3,517 CAD | - |
| 2+1 | 1 | $2,609 CAD | - |
Property Taxes
| Parcel Number | 6016-021-019 | Improvements Assessment | $248,029 CAD |
| Land Assessment | $601,284 CAD | Total Assessment | $849,314 CAD |
Property Taxes
Parcel Number
6016-021-019
Land Assessment
$601,284 CAD
Improvements Assessment
$248,029 CAD
Total Assessment
$849,314 CAD
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