606 W 81st St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,350,000 USD
213-797-7025
606 W 81st St, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/10
null | 6.28% Cap Rate

606 W 81st St
Los Angeles, CA 90044
South Central LA


OVERVIEW

Kingside Investment Group is proud to present 606 W 81st Street is a 10-unit multifamily apartment investment located in the Vermont Knolls area of South Los Angeles. Constructed in 1927, the property sits on an approximately 9,310-square-foot lot and contains roughly 4,160 square feet of rentable living space, featuring a traditional courtyard-style configuration that enhances tenant privacy and long-term occupancy. The property is zoned LAR3, providing favorable low-to-medium density residential zoning and long-term redevelopment optionality. Its central location offers convenient access to the 110 Freeway, public transportation, and major employment corridors connecting Downtown Los Angeles, the South Bay, and surrounding areas. The asset presents a compelling value-add opportunity, with rents believed to be below current market levels, allowing investors to increase income through interior upgrades, improved management, and gradual rent optimization. The vintage construction provides classic architectural character while also creating potential for capital improvements that can drive higher returns over time. In addition to raising the rents through improvements there is immediate upside through re-tenanting two vacant “rent ready” units at the building. With a history of stable occupancy and positioning in a dense, supply-constrained urban infill neighborhood, 606 W 81st Street is well suited for investors seeking long-term cash flow, appreciation, and operational upside in one of Los Angeles’ most active multifamily rental markets.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,278 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

6032-024-017

ASK ABOUT THIS PROPERTY

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213-797-7025

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Julian BlochKW Commercial SoCalMore Info
213-797-7025

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