836 W. 66th St is an 11-unit apartment building in South Los Angeles, offered at $1,000,000. Built in 1923, the property has an efficient unit mix of eight singles and three 1 bed / 1 bath units across approximately 3,534 square feet, on a generous 7,150 square foot LA RD2 lot just minutes from the 110 Harbor Freeway.
This is a true value-add opportunity. Pro forma rents are approximately 64% above current in-place rents, and two units, a single and a 1 bed / 1 bath, will be delivered vacant so a new owner can lease at market and capture upside on day one. The occupied units, including a HACLA-supported tenancy, provide a dependable base of in-place income. The property is priced at $90,909 per unit and $283 per square foot, a 7.03% current cap rate and an 8.39 GRM, with a 14.07% cap rate at pro forma rents.
The building sits in one of Los Angeles’ most renter-dense submarkets, where a deep and consistent tenant base keeps demand and occupancy steady. The 110 Harbor Freeway gives tenants direct access to USC, Exposition Park and Downtown LA, and nearby Metro J Line stations connect residents to Downtown and the South Bay. Please contact the listing agents for showing instructions and available financing options.
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