612 E 82nd St - Apartments FOR SALE


Los Angeles, CA 90001- Canndu/Avalon Gardens
$724,999 USD
310-259-7556
612 E 82nd St, Los Angeles, CA for Sale
$724,999 USD
Apartments - FOR SALE
1/18
null | 5.15% Cap Rate

612 E 82nd St
Los Angeles, CA 90001
Canndu/Avalon Gardens


HIGHLIGHTS

  • Bungalow Units, All 1bed/1bath, No shared walls!
  • Potential for (2) 2bed/1bath ADU's!
  • Immediate rental upside.
  • Extremely low maintenance/expenses for owners.

OVERVIEW

612 E 82nd St is a value add garden style 4plex located in the heart of Los Angeles. The building is comprised of all (4) 1-Bed/1-Bath units. Approximately 158% in Rental upside by adding 2 ADU's! Potential to build (2) ADU's, the property will stabilize at a 16.56% cap rate and 5.03 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1929, the subject property is a 4 unit apartment spread out over 2,088 Sq. Ft situated on a 5,742 Sq. Ft lot, 612 E 82nd St is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. 612 E 82nd St is located just minutes from the 110 fwy with easy access to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood. *Buyer to verify ability to build ADU's.

FOR SALE DETAILS

PRICE

$724,999 USD

PRICE/SF

$335 USD /SF

# OF UNITS

4

PRICE/UNIT

$181,250

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,614 SF

ZONING

R2

APN/PARCEL ID

6029-016-030

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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