1103 W 64th St, Los Angeles, CA 90044

Property Overview

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1103 W 64th Street is a classic 1930 twelve-unit multifamily investment located in South Los Angeles, offering investors steady in-place cash flow with significant upside through renovations, ancillary income, and ADU feasibility. The property consists of a mix of studios, one-bedrooms, and a two-bedroom unit across 5,716 square feet of building area on a 6,709-square-foot LAR2-zoned lot. With current rents positioned below market, investors have a clear path to capture higher income by modernizing interiors, implementing RUBS, and adding amenities such as laundry, storage, or pet-friendly options. Priced at ~$158K per unit, 1103 W 64th Street presents an accessible entry point into one of Los Angeles’s most active multifamily submarkets.

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Key Property Details

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• Location: 1103 W 64th Street, Los Angeles, CA 90044
• Lot Size: 6,709 square feet
• Total Building Area: 5,716 square feet
• Units: 12 (1 × 2BR/1BA, 4 × 1BR/1BA, 7 × Studios)
• Zoning: LAR2
• Year Built: 1930
• Price Per Unit: $157,917
• Current Cap Rate / GRM: 7.73% / 8.14
• Pro Forma Cap Rate / GRM: 10.86% / 6.35
• Current Scheduled Gross Rent (SGR): $232,831
• Pro Forma SGR: $298,512

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Investment Highlights

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• Immediate cash flow with in-place rents across 12 units.
• ~27% rental upside through mark-to-market adjustments.
• Light-to-moderate renovations present a clear path to higher NOI.
• LAR2 zoning + lot depth supports ADU or garage conversion potential.
• Ancillary income opportunities (laundry, storage, pet fees, RUBS) remain untapped.
• Balanced unit mix meets demand from a broad tenant base, reducing vacancy risk.

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Neighborhood and Accessibility

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Situated along Vermont Avenue, 1103 W 64th Street offers excellent transit connectivity with access to bus corridors and the Metro K Line at Hyde Park Station. Its South Los Angeles location provides proximity to employment hubs, retail, schools, and public services, driving consistent renter demand, quick lease absorption, and long-term occupancy stability.

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Market Trends and Financial Potential

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• Current Occupancy: 100% (all 12 units leased)
• Vacancy Assumption: 5% (standard underwriting)
• Pro Forma Monthly Rent: $24,876 (vs. current $19,403)
• Property Tax Rate: 1.25% of purchase price
• Insurance Estimate: ~$800 per unit annually
• Management Fee: 5% of Effective Gross Income
• Reserves: $200 per unit annually

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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