716 81st Street , Los Angeles, CA - 90044 is For Sale

  • 24403972
  • 24403972
  • 24403972
  • 24403972
  • 24403972
$1,999,000· Income property

Description

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.

Features

MLS#: 24403972
List Price : $1,999,000
Total Units : 11
CAP rate : $6.44
Gross Operating Income : $199,428
Net Operating Income : $193,445
Sq M : 865 M2
Year Built : 1960
Days on market : 162 Days
Gross taxes : N/A
Address : 716 81st Street
City : Los Angeles
State : CA
Zip Code : 90044
Neighborhood : N/A
Appliances : Refrigerator
Stories : 2
Parking Features : Attached Carport
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,999,000
Acres : 0.2137
Lot Dimensions : 50x186
Lot Size (Acres) : 0.2137
Heating : Wall Furnace
Parking Features : Attached Carport
Interior Features : Ceiling Fan(s)
Driving Directions : W 81st St. & S Hoover St.
 
Courtesy of : Brice Head , CBRE, Inc.

Location

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