Seller's Agent in 2024
Brandon Evans
Lyon Stahl Investment Real Estate, Inc.
(805) 814-9070
2 in this area
6 Total Sales
Estimated Value: $1,104,000 - $1,390,000
We are pleased to present 1210 E 68thSt, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (2) 2 bed/1 Bath units,(2) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently five (5) Section 8 tenants in-place offering excellent security of income and collections. The property boasts a current monthly income of $11,729, a 7.74% Cap Rate, and8.88 GRM on current income. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on a 5,390 square feet lot.1210 E 68th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to several schools and local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600and Section 8 Voucher Payment Standards rising up to$3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02058494 Listed on: 05/14/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peralta Joseph | $1,295,000 | Provident Title | |
| Sola Impact Fund Ii Lp | $679,000 | Usa National Title Co | |
| Hollyvale Rental Holdings Llc | $374,000 | Accommodation | |
| Herrera Rosa | -- | Fidelity National Title | |
| Herrera Rosa | -- | -- | |
| Herrera Rosa | -- | -- | |
| Herrera Rosa | $220,000 | Fidelity National Title Ins | |
| Padilla Steven | -- | First Southwestern Title Co | |
| Padilla Steven | $115,000 | First Southwestern Title Co | |
| Bankers Trust Company | $130,995 | First Southwestern Title Co | |
| Williams Edna L | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Peralta Joseph | $1,295,000 | |
| Previous Owner | Herrera Rosa | $211,000 | |
| Previous Owner | Herrera Rosa | $212,628 | |
| Previous Owner | Padilla Steven | $126,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | $1,295,000 | +6.6% | $376 / Sq Ft | |
| 06/26/2024 06/26/24 | Pending | -- | -- | -- | |
| 06/25/2024 06/25/24 | Price Changed | $1,215,000 | -2.8% | $353 / Sq Ft | |
| 05/14/2024 05/14/24 | For Sale | $1,250,000 | +84.1% | $363 / Sq Ft | |
| 08/31/2018 08/31/18 | Sold | $679,000 | -0.1% | $254 / Sq Ft | View Prior Sale |
| 08/16/2018 08/16/18 | Pending | -- | -- | -- | |
| 08/10/2018 08/10/18 | For Sale | $679,900 | 0.0% | $254 / Sq Ft | |
| 07/30/2018 07/30/18 | Pending | -- | -- | -- | |
| 07/27/2018 07/27/18 | For Sale | $679,900 | 0.0% | $254 / Sq Ft | |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- | |
| 07/06/2018 07/06/18 | For Sale | $679,900 | +100.0% | $254 / Sq Ft | |
| 01/22/2016 01/22/16 | Sold | $340,000 | 0.0% | $127 / Sq Ft | View Prior Sale |
| 09/08/2015 09/08/15 | Pending | -- | -- | -- | |
| 09/04/2015 09/04/15 | For Sale | $340,000 | -- | $127 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,238 | $1,295,000 | $810,000 | $485,000 |
| 2024 | $11,238 | $742,581 | $317,155 | $425,426 |
| 2023 | $10,720 | $728,022 | $310,937 | $417,085 |
| 2022 | $10,257 | $713,748 | $304,841 | $408,907 |
| 2021 | $10,026 | $699,754 | $298,864 | $400,890 |
| 2020 | $10,096 | $692,580 | $295,800 | $396,780 |
| 2019 | $9,736 | $679,000 | $290,000 | $389,000 |
| 2018 | $8,053 | $535,806 | $260,100 | $275,706 |
| 2016 | $5,295 | $314,577 | $130,087 | $184,490 |
| 2015 | $5,222 | $309,852 | $128,133 | $181,719 |
| 2014 | $5,232 | $303,784 | $125,624 | $178,160 |
Seller's Agent in 2024
Brandon Evans
Lyon Stahl Investment Real Estate, Inc.
(805) 814-9070
2 in this area
6 Total Sales
B
Buyer's Agent in 2024
Brittney Noble
LPT Realty,Inc
(619) 421-2020
1 in this area
4 Total Sales
P
Seller's Agent in 2018
Polly Watts
Sundae Homes
J
Seller Co-Listing Agent in 2018
Jimmy Castro
Real Estate Ebroker Inc
Buyer's Agent in 2018
Carlos Estrada
Liberty Investment Group
(562) 477-8983
5 in this area
49 Total Sales
Seller's Agent in 2016
carlos bobbio
Santander Inc
(818) 968-6789
13 Total Sales
Source: The MLS
MLS Number: 24-391957
APN: 6010-010-005