716 W 81st Street, Los Angeles, CA 90044

  • $1,999,000
  • $256
716 W 81st Street, Los Angeles, CA 90044
  • Residential Income
  • Property Type
  • 18
  • Bedrooms
  • 11
  • Bathrooms
  • 7795.00
  • 1960
  • Year Built
For Sale
716 W 81st Street, Los Angeles, CA 90044
  • $1,999,000
  • $256

Overview

Property ID: SGR-33037396
  • Residential Income
  • Property Type
  • 18
  • Bedrooms
  • 11
  • Bathrooms
  • 7795.00
  • 1960
  • Year Built

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, one tenant in eviction 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. All 3 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.

  • Address 716 W 81st Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90044
  • Area C36 - Metropolitan Southwest
  • Country United States

Details

Updated on June 24, 2024 at 10:42 am
  • Property ID: SGR-33037396
  • Price: $1,999,000
  • Property Size: 7795.00 m²
  • Land Area: 9309.00 m²
  • Bedrooms: 18
  • Bathrooms: 11
  • Year Built: 1960
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 7795.00
  • MLS#: 24403972
  • Office Name: CBRE, INC.
  • Agent Name: Brice Head
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01330706

Additional details

  • Heating: Wall Furnace
  • County: Los Angeles
  • Parking: 6.00

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