707 W 80th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$2,695,000 USD
310-651-1800
707 W 80th St, Los Angeles, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/45
null | 7.3% Cap Rate

707 W 80th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Property includes one ADA-compliant unit and is zoned R3-1, allowing for diverse utilization such as shared housing, transitional housing.
  • Offered at approximately $311 per square foot, providing significant value compared to replacement cost benchmarks for new construction multifamily
  • Situated in South Los Angeles, within walking distance to retail, dining, and essential services, with easy access to major freeways and transit

OVERVIEW

Exceptional opportunity to acquire a newly built, high-capacity multifamily asset ideally suited for investors and operators seeking strong in-place income potential and long-term upside. The property consists of 4 units + 1 ADU, featuring a desirable unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms & 8,675 sqft. Projected gross income totals $20,900/month ($250,800 annually), reflecting a 10.7 GRM and 7.3% cap rate. The property is currently fully vacant, offering a rare opportunity for a buyer to establish new tenancy, implement a master lease strategy, or tailor operations to a variety of residential or program-based housing uses (buyer to verify with the City of Los Angeles). Zoned R3-1, the property allows for multiple residential use configurations, making it ideal for shared housing, transitional housing, or other structured living models. One unit is ADA compliant, enhancing accessibility and tenant flexibility. Offered at approximately $311/SF, presenting a compelling value for newly constructed product well below typical replacement cost benchmarks, making this an attractive basis for long-term investors. Conveniently located in South Los Angeles, within walking distance to Smart & Final, Chase Bank, McDonald's, Subway, and offering easy access to major freeways and transportation corridors. A rare opportunity to acquire a turnkey, high-yield asset with flexible use potential in a strong rental submarket. Contact listing agent for more details!

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

5

PRICE/UNIT

$539,000

CAP RATE

7.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

LAR4

APN/PARCEL ID

6032-027-008

ASK ABOUT THIS PROPERTY

Daniel ShamooelianKW Commercial Beverly HillsMore Info
310-651-1800

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Daniel ShamooelianKW Commercial Beverly HillsMore Info
310-651-1800

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