716 W 81St Street

Los Angeles, CA 90044

$1,999,000

List Price

18

bed Beds

11

shower Baths

7,795 sqft

straighten / sqft

1960

calendar_month Built

Property Description

First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.

Listing Information

List Price $1,999,000
Status Active
MLS 24403972
Type Residential Income
Year Built 1960
Lot Size 9,309
Structure Size 7,795
DOM 108
Courtesy Of CBRE, Inc.
Listing Agent Brice Head DRE#01330706

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 11
Additional Information
Additional Features Ceiling Fan(s)

Exterior Information

Maps

Listing information courtesy of: Brice Head, CBRE, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.