811 W 97th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$2,325,000 USD
949-306-1175
811 W 97th St, Los Angeles, CA for Sale
$2,325,000 USD
Apartments - FOR SALE
1/9
null | 7.79% Cap Rate

811 W 97th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • UNIT MIX: SIX 1+1 & FOUR 2+1 UNITS
  • ALL UNITS HAVE BEEN RECENTLY RENOVATED
  • NEWER EXTERIOR PAINT AND LIGHTS
  • NEWER BUILDING AND UNIT NUMBERS
  • LARGE PARKING AREA WITH 10 SPACES
  • SEPERATELY METERED FOR GAS & ELECTRICITY

OVERVIEW

We are pleased to offer this ten unit investment opportunity, located in the City of Los Angeles. This 10-unit multi-family property features a well-balanced unit mix of six 1-bedroom/1-bath units and four 2-bedroom/1-bath units, all of which have been recently renovated. The property benefits from strong in-place fundamentals supported by consistent rental demand in one of Los Angeles' most established rental markets. Recent capital improvements include newer exterior paint, upgraded exterior lighting, and new building and unit numbering, enhancing curb appeal and tenant experience. Each unit is separately metered for gas and electricity, providing operational efficiency and long-term expense control. The property also offers a large on-site parking area with 10 spaces, a valuable amenity in a dense urban environment. Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals. Seller is a licensed real estate broker in the state of California.

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

10

PRICE/UNIT

$232,500

CAP RATE

7.79%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

LARD2

APN/PARCEL ID

6054-001-019

ASK ABOUT THIS PROPERTY

Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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