THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.
Property Details
Property Features
Property Information:
Year Built: 1963
Stories: 3
Living Area: 29,504 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Enrique Viramontes
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 62
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.70 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located on the corner of W 67th St and 8th Ave
Price Information
Listing Price Info
Price Summary:
List Price: $6,750,000
Price Per SqFt: $229/SqFt
Tax Information:
Annual Amount: $47,649
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $5.7M more than the Median Sold Price and $412/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24430981
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Enrique Viramontes
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 17, 2004
Sep 17, 2004Home Sold
$2,884,000
Mar 13, 2000
Mar 13, 2000Home Sold
$550,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$47,649
$3,724,404
2020
$46,294
$3,675,824
2019
$45,737
$3,603,750
2018
$44,752
$3,533,089
2017
$44,752
$3,463,813
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Young Empowered Scholars Academy
3140 Hyde Park Blvd
Distance between this listing and this school0.20 miles
Public District Grades KG-5
5
/10
Learning by Design Charter
7019 S Van Ness Ave
Distance between this listing and this school0.48 miles
Public Charter Grades KG-5
3
/10
Crete Academy
6103 Crenshaw Blvd
Distance between this listing and this school0.54 miles
Public Charter Grades KG-6
Nearby Schools
3
/10
Alliance Virgil Roberts Leadership Academy
2941 W 70th St
Distance between this listing and this school0.06 miles
Public Charter Grades 6-8
4
/10
Horace Mann UCLA Community School
7001 S St Andrews Pl
Distance between this listing and this school0.84 miles
Public District Grades 6-8
5
/10
Icef View Park Preparatory Middle School
5311 Crenshaw Blvd
Distance between this listing and this school1.19 miles
Public Charter Grades 6-8
Nearby Schools
4
/10
Alliance Renee and Meyer Luskin Academy High School
2941 W 70th St
Distance between this listing and this school0.09 miles
Public Charter Grades 9-12
3
/10
Icef View Park Preparatory High School
5701 Crenshaw Blvd
Distance between this listing and this school0.91 miles
Public Charter Grades 9-12
5
/10
Alliance Ouchi-O'Donovan 6-12 Complex
5356 5th Ave
Distance between this listing and this school1.10 miles
The neighbors living near this home have an average income of $41,532. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3018 W 67th St
What is the listing price of this property?
The listing price of 3018 W 67th St property is $6,750,000.
What type of property is this?
The property 3018 W 67th St is a house located in Los Angeles, California, 90043.
Is this property for sale now?
Active Listing: 3018 W 67th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $47,649 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 17, 2004 for $2,884,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3018 W 67th St has 62 bedrooms and 37 bathrooms.
What is the square footage of this property?
The property 3018 W 67th St is 29,504 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3018 W 67th St is 1963.
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This home is located at 3018 W 67th St in Los Angeles, CA and zip code 90043 in the South LA neighborhood. This 29,504 square foot home, which was built in 1963, sits on a 0.70 acre lot. Features: 62 bedrooms, 37 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $6,750,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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