$1,999,000
- Beds
- 18
- sq ft
- 7,795
716 W 81st St, Los Angeles, CA 90044
716 W 81st St
Los Angeles, CA 90044
- 99 days on market
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.
Details
Property type
Lot size
9,309 sq ft
Price per sq ft
$257
Year built
1960
HOA
No
Price History
05/31/2024
CLAW #24403972
Listed
$1,999,000
Schools & Community
Neighborhood:
South Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 8:10 PM
Listing updated: 09/16/2024 at 6:19 PM
Listed by: Brice Head, CBRE, Inc. Phone #: (310) 363-4900
MLS: CLAW #24403972
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