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29368823
29368824

821 W 84th St, Los Angeles, CA 90044

MS
CA 00848427
Lee & Associates Los Angeles - Investment Services Group, Inc
Listed by Lee & Associates Los Angeles - Investment Services Group, Inc
$1,350,000
132 days on market
Updated 71 days ago

10-Single Unit Multifamily

Details
APN 6032-010-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,992
Units 10
Cap Rate 6.45%
NOI $87,108
Pro-Forma Cap Rate 9.34%
Pro-Forma NOI $126,141
Price per SqFt $451
Year Built 1941
Buildings 2
Stories 1
Acreage 0.210
Zoning R3
Parking Spaces 10 spaces
Parking Per SqFt 3.34
Investment Type Value Add

Multifamily | 10 Units | $135,000/unit

Marketing description

821 West 84th Street is a 2,992 SF multifamily property located in South Los Angeles. Built in 1941, the property features 10 x 1 Single/1 Bath apartments on approximately 9,066 SF parcel of land. The property includes two separate freestanding one-story buildings. Private parking is available.

821 West 84th Street is ideally located just a few minutes west of the Harbor (110) Freeway and is located just north of Manchester Blvd and east of Vermont Avenue, major thoroughfares through the city, which offers accessible bus lines.

The South Los Angeles submarket appeals to a low income demographic and is centrally located to large economic centers of the Los Angeles area, including downtown Los Angeles, and heavy industry centers such as Vernon and Commerce. Investors like the area because of the high demand for rental housing in the sub-market.

Please contact broker for full offering memorandum

Investment highlights

High Demand Rental Location

Ten (10) - Single/1 Bath Units

Value Add Opportunity

Potential To Build ADU’s

Close To 110 Freeway And Metro Bus Lines

Within 10 Miles of Downtown Los Angeles

Two Minute Walk To Metro J Line to DTLA

Listing Contacts

MS
CA 00848427
Lee & Associates Los Angeles - Investment Services Group, Inc
Listed by Lee & Associates Los Angeles - Investment Services Group, Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$87,108.00
$7,259.00/mo

Valuation Metrics

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DSCR
6.45%
Cap Rate
6.45%
ROI

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