$1,500,000
$1,999,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
716 W 81st ST Los Angeles, CA 90044
18 Beds
11 Baths
7,795 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,795 sqft
Price per Sqft $192
MLS Listing ID 24403972
Sold Date 12/31/24
Bedrooms 18
HOA Y/N No
Year Built 1960
Lot Size 9,308 Sqft
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Attached Carport
Attached Garage Yes
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6032023007
Special Listing Condition Standard
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Bought with Brice Head • CBRE, Inc.