250 E 81st St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$875,000 USD
213-225-7223
250 E 81st St, Los Angeles, CA for Sale
$875,000 USD
Apartments - FOR SALE
1/7
null | 7.28% Cap Rate

250 E 81st St
Los Angeles, CA 90003
Canndu/Avalon Gardens


OVERVIEW

We are proud to present 250 E 81st St, a 6-unit mixed-use property in Los Angeles, offered at an 7.28% CAP and 8.54 GRM on current rents, with upside potential to achieve an 11.05% CAP and 6.35 GRM upon stabilization. Located just north of Manchester Ave and west of San Pedro St, in close proximity to John C. Fremont High School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, and Crenshaw. The property is comprised of two separate structures a single-story front structure with two commercial units and a two-story rear building with four residential units offering a total of 3,884 rentable square feet. Built in 1928 and 1941 respectively, the property sits on a 5,178 SF LAR3-zoned corner lot with street access on both sides. The unit mix features two commercial units with frontage on San Pedro Street, as well as one two-bedroom two-bathroom unit and three one-bedroom units. The two-bedroom unit and both commercial units will be delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Contact listing broker for additional information.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

7.28%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR3

APN/PARCEL ID

6030-006-013

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.