716 W 81st St Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,795 sqft
Price per Sqft $256
MLS Listing ID 24-403972
Bedrooms 18
Year Built 1960
Lot Size 9,309 Sqft
Acres 0.2137
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 Metropolitan Southwest
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Ceiling Fan
Equipment Ceiling Fan, Refrigerator, Range/Oven
Exterior
Garage Carport Attached
Garage Spaces 6.0
Building
Lot Description Alley Paved
Story 2
Level or Stories Two
Others
Special Listing Condition Standard