837 W 85th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,025,000 USD
310-525-3711
837 W 85th St, Los Angeles, CA for Sale
$1,025,000 USD
Apartments - FOR SALE
1/11
null | 7.97% Cap Rate

837 W 85th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Balanced unit mix of one 4-bedroom/2-bathroomtwo 2-bedroom/1-bath units and two 1-bedroom/1-bath unit.
  • Three out of five units have been recently renovated, providing a turnkey investment profile.
  • Newer exterior paint, newer roof (2023), new vinyl windows, owner owed laundry equipment and common area laundry room.
  • On-site parking, a valuable amenity in a dense Los Angeles submarket that supports tenant retention.
  • Separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
  • Strong rental demand market, supported by a dense residential population and long-term housing fundamental.

OVERVIEW

BRC Advisors is please to offer 837 W. 85th Street, a fully occupied five-unit multifamily investment property located in Los Angeles, California 90044. The property offers an attractive and diversified unit mix consisting of one four-bedroom, two-bathroom single-family residence, two two-bedroom, one-bathroom units, and two one-bedroom, one-bathroom units. Offered at $1,025,000, the property represents a stable, income-producing investment opportunity with an attractive 7.72 gross rent multiplier and a 7.97% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. The improvements total approximately 3,896 rentable square feet and are situated on an approximately 5,003-square-foot lot. The property also provides ample on-site parking for residents. Recent capital improvements include the installation of a new roof in 2023, and three of the five units have been remodeled. The property has also received its required SB 721 balcony and exterior elevated-element clearance, reducing near term capital exposure for a new owner. With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 837 W. 85th Street offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market. 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 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.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

5

PRICE/UNIT

$205,000

CAP RATE

7.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 UNITS - 7.72 GRM & 7.97% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,117 SF

ZONING

LAR4

APN/PARCEL ID

6032-011-025,6032-011-026

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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