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Image 1 - 1444 E 67th St, Los Angeles, California, 90001 - House for sale

Image 2 - 1444 E 67th St, Los Angeles, California, 90001 - House for sale

Image 3 - 1444 E 67th St, Los Angeles, California, 90001 - House for sale

Image 4 - 1444 E 67th St, Los Angeles, California, 90001 - House for sale

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Image 8 - 1444 E 67th St, Los Angeles, California, 90001 - House for sale

E Th St, Los Angeles, Home For Sale

1444 E 67th St, Los Angeles, California, 90001

E Th St, Los Angeles, Home For Sale

house for sale

Listed: 07/19/24

1444 E 67th St, Los Angeles, California, 90001

4 Bed:

4 Bath:

2,591 Sq Ft Living Area:

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Price

$ 849,000

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About This House

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 lot7, 241square 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 on7/2024.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, 100and additional storage space can also be rented for approx. $250.

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Florence Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.