606 W 81st St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,150,000 USD
949-933-1112
606 W 81st St, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/9
null | 7.06% Cap Rate

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


HIGHLIGHTS

  • 100% Occupied | Four 1-Bedroom/1-Bath Units & Six Studio Units
  • Exceptional Basis | Only $115,000 Per Unit & $276 Per Square Foot
  • Projected to Generate Approximately 7% Cash-on-Cash Return with 35% Down Payment*
  • Single-Story Courtyard-Style Apartment Community with Rear Surface Parking
  • 4,160 SF Building Situated on a Large 9,313 SF Lot
  • Prime South LA (90044) Location with Strong Rental Demand and Convenient 110 Freeway Access

OVERVIEW

The Harley Group at Lyon Stahl is pleased to present 606 W 81st Street, a 10-unit multifamily investment opportunity located in the highly active 90044 submarket of South Los Angeles. Offered at an attractive 7.06% current CAP rate and 8.21 GRM, the property delivers strong in-place cash flow with an exceptional basis of just $115,000 per unit and $276 per square foot. The property consists of four 1-Bedroom/1-Bath units and six Studio units, all currently occupied, providing investors with stable day-one income. Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base. Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential. *Title records reflect 9 legal units. The property has operated as 10 units under current ownership, with City of Los Angeles rent control registration and fees paid for 10 units. Buyer to independently verify.*

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

10

PRICE/UNIT

$115,000

CAP RATE

7.06%

% 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

9,313 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

6032-024-017

ASK ABOUT THIS PROPERTY

Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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