First time on market in a several decades…Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one – one unit will be delivered vacant, and the manager’s unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.
Property Details
Price:
$1,999,000
MLS #:
24403972
Status:
Active Under Contract
Baths:
0
Address:
716 W 81st Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
May 31, 2024
State:
CA
ZIP:
90044
Lot Size:
9,309 sqft / 0.21 acres (approx)
Year Built:
1960
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Schools
Interior
Appliances
Refrigerator
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Attached Carport
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address716 W 81st Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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Courtesy of CBRE, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.716 W 81st Street
Los Angeles, CA
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