520 W 82nd St Active 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
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $358
MLS Listing ID 24-350463
Bedrooms 18
Year Built 2020
Lot Size 9,317 Sqft
Acres 0.2139
Property Sub-Type Multi-Family
Property Description
Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge lot with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10% CAP rate and 7.2 GRM!!!!! . Perfect for savvy investors seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms***3 units will be delivered vacant. 2 are currently rent-ready allowing an immediate over $6,000 income to be added to current income immediately *** choose your own tenants!3rd unit (8th unit ) has approved plans ready just pull permits and finish to add an additional income ++++projected rent of $2175/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Value-Add Opportunities:Add laundry room for added tenant convenience and additional revenue- Lease out garages separately for bonus monthly cash flow- Build out the 3rd unit with minimal steps (permits already approved!)Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Wall, Natural Gas
Cooling Ceiling Fan
Equipment Alarm System, Ceiling Fan, Garbage Disposal, Hood Fan
Exterior
Parking Features Covered Parking, Door Opener, Controlled Entrance, Garage - 1 Car, Assigned
Garage Spaces 6.0
Building
Story 2
Level or Stories Two, One
Others
Special Listing Condition Standard