1444 E 67th St

  • $895,000
    • Pending
    • Address:
      1444 E 67th Street
      Los Angeles, CA 90001
    • Location:
    • Sq Ft: 2,591
    • Lot Sq Ft: 7,243


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 lot 7,241 square 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 on 7/2024. 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 $1,100 and additional storage space can also be rented for approx. $250.

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