538 W 82nd St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,650,000 USD
310-658-3375
538 W 82nd St, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/14
null | 6.88% Cap Rate

538 W 82nd St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • 5 Units To Be Delivered Vacant at Close of Escrow
  • Market Rent Assumptions $2,100 { 2Bd +1 Ba} & $1,950 { 1 Bd + 1Ba}
  • :Pro-Forma Does NOT Include - Room Laundry Income Potential
  • Immediate Upside on Rent Controlled Units

OVERVIEW

Tremendous Upside Opportunity with 5 Units to be delivered Vacant at the Close of Escrow. Excellent Unit Mix (7) 2 Bedrooms and 1 Bath and (2) 1 Bedrooms and 1 Bath. Currently NOI is $82,554, 5.0% Cap Rate, and 13.99 GRM. Pro-form with realistic Market Rents with 5 Vacant Units (#1, #2, #3, #5, #7) at Close of Escrow: NOI $113,484, 6.88% Cap Rate and 9.87 GRM

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

CAP RATE

6.88%

% LEASED

44%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Can be Delivered Empty COE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,319 SF

ZONING

LAR3

APN/PARCEL ID

6032-021-020

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

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