620 W 82nd St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,575,000 USD
310-291-8565
620 W 82nd St, Los Angeles, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/3
null | 6.58% Cap Rate

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


OVERVIEW

Back on Market and seller is ready to SELL this time! Carport earthquake retrofit has been completed. Roof is approximately 5 years old and significant plumbing has been completed as needed. Annual Gross Rental Income will be $179,520 once you rent out the two vacant units. Property consists of 9 units (7) 2 Bdrm/1 Bath and (2) 1Bdrm/1 bath- stable tenants. Value-add opportunity as rents are approximately 35% under market rents. This is terrific opportunity for an investor to reposition this property to achieve ProForma rent of $288,000/annual gross. For your convenience, OM is attached, please look under "Brochures and Other Documents"

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

9

PRICE/UNIT

$175,000

CAP RATE

6.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,322 SF

ZONING

R3

APN/PARCEL ID

6032-022-017

ASK ABOUT THIS PROPERTY

Enedina SanchezMcAlpin & CompanyMore Info
310-291-8565

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Enedina SanchezMcAlpin & CompanyMore Info
310-291-8565

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