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28278020
28278021

1150 East 80th St., Los Angeles, CA 90001

RD
00851770
$795,000
201 days on market
Updated 87 days ago
Opportunity zone

80th Street Property

Details
APN 6028-018-004
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,041
Units 2
Price per SqFt $390
Class B
Year Built 1824
Buildings 2
Stories 1
Lot Size (SqFt) 5,531
Zoning LACR3
Parking Spaces 7 spaces
Parking Per SqFt 3.43
Investment Type Owner/User
Ground Lease No

Well maintained and upgraded with a large vacant third unit 1 Bdrm and 1 Bth

Marketing description

Great Upside in Prime Location! Unlock the potential of this three (3) unit residential property ideally situated near Central Avenue with access to shopping, dining, and public transportation. Set on a generous 5,523 sq ft lot, the property features two detached units totaling 2,034 sq ft of living space. The front unit offers 2 bedrooms and 1 bath with an attached 1 bedroom 1 bath unit recently constructed by prior owner. Please note this unit (which is attached to the front unit) was built without permits! The rear unit is 2 bedrooms and 1 bath for a total of 5 bedrooms and 3 baths in 3 units. Whether you're seeking a multi-generational living setup, rental income, or a long-term investment, this property offers flexibility and strong upside potential. Located in an area known for its solid tenant pool, it presents a compelling opportunity for investors and owner-occupants alike. The front 2+1 unit has some great upgrades. The attached unit 1+1 has upgrades as well. Plenty parking in the back off the alley. When submitting an offer please use the CAR Residential Income Property Purchase Agreement (RIPA).

Investment highlights

The third unit updated attached to the front build (No permits) currently vacant. Was receiving

$1,500/Mo. Gross Rent Multiplier with the projected third unit rental would be 11.83. Current Gross Rent

is $48,000/Yr GRM is 16.56

Listing Contacts

RD
00851770

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