624 E 80th St - Apartments FOR SALE


Los Angeles, CA 90001- Canndu/Avalon Gardens
$1,120,000 USD
310-937-5764
624 E 80th St, Los Angeles, CA for Sale
$1,120,000 USD
Apartments - FOR SALE
1/3
null | 5.26% Cap Rate

624 E 80th St
Los Angeles, CA 90001
Canndu/Avalon Gardens


HIGHLIGHTS

  • Gated Driveway with Ample Parking
  • All 2 Bedrooms
  • Single Story Home in Front Includes Landscaped Yard
  • Well Maintained & Professionally Managed Property
  • Excellent In-Place Income
  • Quick Access to 110 Freeway & Downtown LA

OVERVIEW

Rare opportunity to acquire a professionally managed investment property in Los Angeles. 624 E 80th Street features a 2,959-square-foot building situated on a 5,740-square-foot lot. This high-performance asset is comprised entirely of 2-bedroom, 1-bathroom units, offering an in-demand layout for the local rental market. The property features a charming, single-story front home with a beautifully with a landscaped yard. The gated entry leads to ample parking in the rear, a nice amenity for this high-density neighborhood. Strategically positioned for investors, the building boasts excellent in-place income—a significant advantage within a rent-restricted market. Its condition reflects a high standard of professional management, helping the transition for the next owner. The location offers connectivity, situated just moments from major freeway interchanges. Tenants enjoy rapid access to the region’s premier employment and entertainment hubs, including LAX, SoFi Stadium, USC, and Downtown Los Angeles. With a desirable 2 bedrooms and a centralized location, this property is a standout addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$1,120,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

4

PRICE/UNIT

$280,000

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 4-Unit Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,720 SF

ZONING

LAR2

APN/PARCEL ID

6029-008-027

ASK ABOUT THIS PROPERTY

Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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