1139 E 68th St

The property is located in close proximity to the 110 and 105 freeways as well as neighboring cities such as Huntington Park, Walnut Park, and South Gate. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of working class tenants in the neighborhood that is easily accessible to a number of metro bus stops. The building currently operates at a 9.71 GRM on current rents (assuming market rents for the one vacant unit), with rental upside potential to a 6.35 GRM on pro forma rents. The property consists of a one, single-story structure built in 1927 that has undergone a number of improvements in recent years, such as a new roof, copper plumbing, new sewer line, and exterior paint. The unit mix is comprised of ten studio units, with one (1) unit VACANT.