520 W 82nd St Active

Los Angeles,CA 90044

$ 1878000

18 Beds

8 Baths

5234 SqFt


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

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