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1139 E 68th Street

Los Angeles, CA 90001

– beds
– baths
– sqft
4,997 sqft lot
1927 build
– on site

Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only. This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures. Located in a high-demand rental pocket of South Los Angeles, the property benefits from consistent renter demand and close proximity to major employment hubs including Downtown Los Angeles, USC, and The Ports of Los Angeles. Convenient access to key transportation corridors—Florence Ave, Central Ave, the 110 and 105 Freeways—provides connectivity throughout the region. The neighborhood continues to see ongoing public and private investment, further enhancing the area’s long- term growth trajectory.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Jun 19, 2025 •

MLS# SB25137843 —

The Building

Year Built:

1927
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3096.00
Building Area Units:

Square Feet
Total Number Of Units:

10
# of Buildings:

1
Stories Total:

1
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

10
# of Separate Water Meters:

1
# of Separate Electric Meters:

11

Interior

Levels:

One
Entry Location:

Front
Laundry:

See Remarks
Laundry:

1

Location

Directions:

N of Florence Ave & E of Central Ave
Latitude:

33.97866100
Longitude:

-118.25503000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LCR3*
Lot Size Area:

4997.0000
Lot Size Acres:

0.1147
Lot Size SqFt:

4997.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5329.00
Tax Tract:

5450
Tax Lot:

449

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6010007022

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/19/25 Jun 19, 2025	Listed / Active	CRMLS_CA	$935,000
7/10/24 Jul 10, 2024	Listed / Active	CRMLS_CA

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This multifamily located in South LA, Florence-Graham, CA 90001 is currently for sale for $935,000. 1139 E 68th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 13 days. 1139 E 68th Street is in the South LA neighborhood of Florence-Graham and has a WalkScore® of 69, making it somewhat walkable. This multifamily is in the attendance area of Mervyn M Dymally Senior High, Miramonte Elementary School, and Thomas A Edison Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:18 on Jul 02.

This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.