1408 W 80th Street, Los Angeles, CA 90047

About this property

1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 5.06% current CAP and offering investors approx. 40% rental upside. Located just east of Western Ave, the subject property features (5) two-bedroom units and (1) one-bedroom unit that generate approx. $ 9,150+ in gross monthly income. Please note (2) two-bedroom units will be delivered VACANT upon COE, and there are currently four section-8 tenants (please contact listing agent for more info). A future investor could achieve approx. based on market rents for renovated units in the area. $12,750+ in projected monthly income (40% rental upside) and operate the property at a 8.05% pro-forma CAP. Additionally, the property sits on a 6,676 SF lot with ample surface parking spots and a community laundry room.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold August 2023 · listed $1,399,000, orig. $1,450,000, on market May 2023 · MLS #23266773 · Source: CRMLS

Listing Agent: Max Berger · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Max Berger · Compass

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